Company reports the following:

Sales $725,000

COGS 500,000

Beg INV 88,000

Purchases 14,000

End INV 37,000

What is the Inventroy Turnover (round to 1 decimal place)?

		6.7
		9.2
		3.6
		8.0

1. ChaCha Corp. reports the following at year end:

   Net Income $612,000

   Long-term debt 855,000

   Common stock, $5 par 400,000

   Market Price per share ChaCha stock $32

   # shares of common stock outstanding 80,000

   What are ChaCha's Earnings per Share and Price/Earnings ratio, respectively?

   		$7.65 EPS and P/E = 4.18
   		$1.96 EPS and P/E = 16.32
   		$2.88 EPS and P/E = 11.1
   		$4.18 EPS and P/E = 7.7

1. Horizontal Analysis of financial statements specifically looks at the increases and decreases in the amount, or percentage, of a given item from year to year.

   True

   False