goods sold, but Tellus turned its inventory over five times during the year while Rosers Corp turned its inventory over every 65 days. If the objective is to keep inventory as low as possible (on average), which of the following is true? A. Tellus did a better job since its inventory turnover was lower B. Beiers Corp, did a better job since its days' sales in inventory was lower C. Tellusa better job since its days' sales in inventory was lower. D. Beiers Corp. did a better job since its inventory turnover was lower E. Tellus did a better job since its level of inventory was lower Solve the following problems: (40 Marks). KLM, Inc. 2018 Statement of comprehensive income Net sales $3,685 Cost of goods sold $3,180 Depreciation $104 Earnings before interest and taxes $401 Interest paid $25 Taxable income $376 $128 Net income $248 Dividends paid Addition to retained earnings S188 Taxes $60 9.10 Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Dividends paid Addition to retained earnings 11. 12. 13. 14. 15. 16. $3,685 $3,180 $104 $401 $25 $376 $128 $248 $60 $188 KLM, Inc. Statement of financial positions as of December 31, 2017 and 2018 2017 2018 2017 2018 Cash $520 $601 Accounts payable $621 $704 Accounts rec. $235 $219 Notes payable $333 $272 Inventory $964 $799 Current liabilities $954 $976 Current assets $1,719 $1.619 Long-term debt $350 $60 Net fixed assets $890 $930 Common stock $800 $820 Retained earnings $505 5693 Total assets $2,609 $2,549 Total liabilities and Owner's $2,609 $2.549 Calculate CFFA and show calculations in details according to both formulas we have discussed in the class. 1