kboard X X 0 0 Remaining Time 1 hour, 54 minutes, 41 seconds Question Completion Status 90 100 110 120 130 TL QUESTION 22 QQE has the following financial statements Dec 31st Income Statements 2009 Net Sales $2,600,000 Cost of Goods Sold 1,560 000 Gross Profit 1,040 000 Marketing Exp 260,000 General Admin Exp 300 000 Depreciation 80 000 Earnings before Interest 400,000 and Taxes Interest 90 000 Earnings before Taxes 310 000 Income Taxes 124,000 Net Income 186 000 2010 $4,000,000 2 720 000 1 280,000 320 000 300 000 110 000 550 000 110 000 440 000 176 000 264 000 Balance Sheet Dec 315 Left Hand Side of BS 2009 2010 Cash $300 000 $100 000 Accounts Receivable 400 000 740 000 Invente 70 1 on na Click Save and submit to save and submit Chok Save All Anse to our aller Remaining Time 1 hour, 54 minutes, 29 seconds Support Question Completion Status 20 21 22 23 24 25 Balance Sheet Dec 315 Left Hand Side of BS 2009 Cash 5300 000 Accounts Receivable 400 000 Inventory 700 000 Total Current Assets Net Fored Assets 600,000 Accumulated Depreciation Net Fbced Assets Total Assets 2,000,000 2010 5100 000 740,000 1 000 000 750,000 2600,000 Right Hand Side of BS Accounts payable 360 000 500 000 Bank Debt 180 000 180 000 Total Current Liabilities 540 000 680 000 Long Term Debt B00 000 1 100 000 Common Stock and Pald in Cap 500 000 500 000 Retained Eminos 150 000 320 000 Total Debt and Equity 2 000 000 2 600 000 For 2010, calculate QQE's inventory sales conversion ratio O A 152 55 days Click on and Submit to me and be Click Save Antal Remaining Time 1 hour, 54 minutes, 19 seconds Question Completion Status 4 50 140 20 21 TUUUUU TUUUUUU inventory Total Current Assets Net Fixed Assets Accumulated Depreciation Net Fixed Assets Total Assets 600,000 760,000 2 000 000 2 600,000 Right Hand Side of BS Accounts payable 360 000 500,000 Bank Debt 180,000 180 000 Total Current Liabilities 540,000 680 000 Long Term Debt 800,000 1,100,000 Common Stock and Paid in Cap 500 000 500,000 Retained Earnings 160,000 320,000 Total Debt and Equity 2 000 000 2,600,000 For 2010, calculate QQE's inventory sales conversion ratio O A 152 85 days OB 114 06 days OC 243 10 days O D 85 58 days O E None of the above Click Save and Submit to save and submit Click Save All Answer to save all answers

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kboard   X X 0 0 Remaining Time  1 hour, 54 minutes, 41 seconds  Question Completion Status  90 100 110 120 130 TL QUESTION 22 QQE has the following financial statements Dec 31st Income Statements 2009 Net Sales $2,600,000 Cost of Goods Sold 1,560 000 Gross Profit 1,040 000 Marketing Exp  260,000 General   Admin Exp 300 000 Depreciation 80 000 Earnings before Interest 400,000 and Taxes Interest 90 000 Earnings before Taxes 310 000 Income Taxes 124,000 Net Income 186 000 2010 $4,000,000 2 720 000 1 280,000 320 000 300 000 110 000 550 000 110 000 440 000 176 000 264 000 Balance Sheet Dec 315 Left Hand Side of BS 2009 2010 Cash $300 000 $100 000 Accounts Receivable 400 000 740 000 Invente 70 1 on na Click Save and submit to save and submit  Chok Save All Anse to our aller Remaining Time  1 hour, 54 minutes, 29 seconds  Support   Question Completion Status  20 21 22 23 24 25 Balance Sheet Dec 315  Left Hand Side of BS 2009 Cash 5300 000 Accounts Receivable 400 000 Inventory 700 000 Total Current Assets Net Fored Assets 600,000 Accumulated Depreciation Net Fbced Assets Total Assets 2,000,000 2010 5100 000 740,000 1 000 000 750,000 2600,000 Right Hand Side of BS Accounts payable 360 000 500 000 Bank Debt 180 000 180 000 Total Current Liabilities 540 000 680 000 Long Term Debt B00 000 1 100 000 Common Stock and Pald in Cap 500 000 500 000 Retained Eminos 150 000 320 000 Total Debt and Equity 2 000 000 2 600 000 For 2010, calculate QQE's inventory sales conversion ratio  O A 152 55 days Click on and Submit to me and be  Click Save Antal Remaining Time  1 hour, 54 minutes, 19 seconds  Question Completion Status  4 50 140 20 21 TUUUUU TUUUUUU inventory Total Current Assets Net Fixed Assets Accumulated Depreciation Net Fixed Assets Total Assets 600,000 760,000 2 000 000 2 600,000 Right Hand Side of BS Accounts payable 360 000 500,000 Bank Debt 180,000 180 000 Total Current Liabilities 540,000 680 000 Long Term Debt 800,000 1,100,000 Common Stock and Paid in Cap 500 000 500,000 Retained Earnings 160,000 320,000 Total Debt and Equity 2 000 000 2,600,000 For 2010, calculate QQE's inventory sales conversion ratio  O A  152 85 days OB 114 06 days OC 243 10 days O D 85 58 days O E None of the above Click Save and Submit to save and submit  Click Save All Answer to save all answers

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kboard > X X 0 0 Remaining Time: 1 hour, 54 minutes, 41 seconds. Question Completion Status: 90 100 110 120 130 TL QUESTION 22

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