Income StatementBalance Sheet

Sales$20,000,000Assets:

Cost of Goods Sold8,000,000Cash$5,000,000

12,000,000Marketable Securities12,500,000

Selling and Administrative1,600,000Accounts Receivable, net2,500,000

Depreciation Expense3,000,000Inventory30,000,000

7,400,000Prepaid Expenses5,000,000

Interest2.000,000Plant & Equipment30,000,000

5,400,000

Taxes (25%)1,350,000Total Assets85,000,000

4,050,000

Common Stock Div.600,000Liabilities and Equity:

$3,450,000Accounts Payable$20,000,000

Notes Payable5,000,000

Accrued Expenses5,000,000

Bonds Payable25,000,000

Common Stock5,000,000

Capital in Excess of Par10,000,000

Retained Earnings5,000,000

Total Liabilities and Equity$85,000,000

Shares outstanding of common stock = 1,000,000

Market price of common stock = $18.

the operation profit is?

inventory turnover?

The average collection period (365 day year) is?