Camerons Accounts	20x9	20x8
Cash and cash equivalents	$ 5,550	$ 5,094
Receivables	1,813	1,611
Inventory	1,324	1,500
Prepaid expenses	1,709	2,120
Total current assets	$ 10,396	$ 10,325
Other assets	18,500	15,737
Total assets	$ 28,896	$ 26,062
Total current liabilities	$ 7,230	$ 8,467
Long-term liabilities	4,798	3,792
Common stock	6,568	4,363
Retained earnings	10,300	9,440
Total liabilities and equity	$ 28,896	$ 26,062
Sales	$ 25,000
Cost of sales (COGS)	7,055
Operating expenses	7,065
Operating income	$ 6,821
Interest expense	210
Income tax expense	2,563
Net income	$ 8,107

Cameron's inventory turnover during 20X9 was (amounts rounded)

		5 times.
		6 times.
		7 times.
		none of the above.

Camerons Accounts	20x9	20x8
Cash and cash equivalents	$ 5,550	$ 5,094
Receivables	1,813	1,611
Inventory	1,324	1,500
Prepaid expenses	1,709	2,120
Total current assets	$ 10,396	$ 10,325
Other assets	18,500	15,737
Total assets	$ 28,896	$ 26,062
Total current liabilities	$ 7,230	$ 8,467
Long-term liabilities	4,798	3,792
Common stock	6,568	4,363
Retained earnings	10,300	9,440
Total liabilities and equity	$ 28,896	$ 26,062
Sales	$ 25,000
Cost of sales (COGS)	7,055
Operating expenses	7,065
Operating income	$ 6,821
Interest expense	210
Income tax expense	2,563
Net income	$ 8,107

Vertical analysis of Cameron's balance sheet for 20X9 would report (amounts rounded)

		Inventory Turnover of 5 times.
		Current liabilities as 25.0% of Total assets.
		8.2% increase in Cash.
		9.0% increase in Cash