bled: BFIN 250 Final Exam 20 Master Income statement Net sales (all credit) $10,000,000 Balance Sheet Assets Cash and marketable securities (3,000,000) $600,000 Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depreciation 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) Less: Cost of goods sold Selling and administrative Jexpense Depreciation expense Interest expense Earnings before taxes Income taxes INet income Common stock shares outstanding Market price (2.000.000) (250,000) (200,000 4,550,000 (1.820,000) $2.730.000 Net fixed assets $5,925.000 $9,000,000 1,000,000 30.00 Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity $800,000 700.000 50,000 $1,550,000 2.500.000 4,950,000 $9,000,000 Based on the information in the above table the inventory holding period is Multiple Choice 0.5 days. 182.5 days Based on the information in the above table the inventory holding period is Multiple Choice O 0.5 days. 182.5 days 29.85 days. 5475 days