Georgian Brewmasters Inc
The following are a simplified balance sheet and income statement for Georgian Brewmasters Inc.
Balance Sheet as as 31DEC19
($thousands)
Assets			Liabilities
Cash	2000		Accounts Payable	1500
Accounts Receviable	4950		Notes Payable	2000
Inventory	1300		Accrued Expenses	1220
Total Current Assets	8250		Total Current Liabilities	4720
			Long-term Debt	3000
			Total Liabilities	7720
Net Plant and Equipment	8500		Common Shares	500
			Retained earnings	8530
			Total Equity	9030
Total Assets	16750		Total Liabilites and Equity	16750
Imcome Statement ($Thousands)
Sales	32,000
Cost of Goods Sold	20,000
Gross Profit	12,000
Operating Expenses	8,000
Operating Profit	4,000
Interest Expense	500
Earnings Before Taxes	3,500
Taxes	1,050
Net Income	2,450

1. Georgian Brewmasters Inc has working capital of _____________________ (round to the nearest thousand, no commas and no dollar sign, for example 2,800,000 is 2800)

0.2 points

QUESTION 2

1. Which is the correct days outstanding for the accounts receivable

   		41.3
   		46.7
   		53.4
   		56.5

0.2 points

QUESTION 3

1. How many days inventory does Georgian have?

   		19.6
   		23.7
   		26.9
   		31.3

0.2 points

QUESTION 4

1. How long are the payable outstanding?

   		23.4
   		24.7
   		26.9
   		27.4

0.2 points

QUESTION 5

1. The current cash conversion cycle is ______ and if Georgian were to change their collection period to reflect the industry average of 30 days it would change to`______

   		5.4 and 21.1
   		107.6 and 81.1
   		52.8 and 26.3
   		26.3 and 45.8