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c. What are depreciation, depletion, and amortization? Explain briefly. Q4. In the table below is information for two companies: $000) Company K Company L Net

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c. What are depreciation, depletion, and amortization? Explain briefly. Q4. In the table below is information for two companies: $000) Company K Company L Net sales(revenues) 21,472 23,314 Cost of goods sold 13,050 5,192 Average inventory 350 457 Average accounts receivable 1,837 4,996 Average accounts payable 2,025 1,048 Turnover days ? ? Days inventory outstanding 37 32 Days sales outstanding 31 78 Days payable outstanding 61 75 Total assets 12.500 12.000

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