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MARNI COMPANY Balance Sheet As of December 31 begin{tabular}{lr} ASSETS & Cash & $50,000 Accounts receivable & 100,000 Inventory & 200,000

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MARNI COMPANY Balance Sheet As of December 31 \begin{tabular}{lr} ASSETS & \\ Cash & $50,000 \\ Accounts receivable & 100,000 \\ Inventory & 200,000 \\ Net plant and equipment & 650,000 \\ Total assets & $,000,000 \\ LIABILITIES AND STOCKHOLDERS' EQUITY & \\ Accounts payable & 100,000 \\ Accrued expenses & 90,000 \\ Long-term debt & 250,000 \\ Common stock & 100,000 \\ Paid-in capital & 50,000 \\ Retained earnings & 410,000 \\ Total liabilities and stockholders equity & 1,000,000 \\ \hline \end{tabular} MARNI COMPANY Refer to the tables above. The firm's receivable turnover is (Assume a 360-day calendar.) Refer to the tables above. The firm's recelvable turnover is (Assume a 360-day calendar) Mutiple choice 56x 12x 10x

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