MEGAFRAME COMPUTER COMPANY Income Statement For the Year Ended December 31. 2009 Sales (all on credit) Cost of Goods Sold Gross Profit Sales and Administrative Expense Depreciation Operating Profit Interest Expense Profit before Taxes Taxes (30%) Net Income $ 875,000 600.000 275,000 30,000 55,000 190,000 25,000 165.000 49.500 S 115,500 MEGAFRAME COMPUTER COMPANY Balance Sheet As of December 31. 2009 ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets S 50,000 70,000 110.000 220,000 $450,000 LIABILITIES AND STOCKHOLDERS EQUITY Accounts Pavable Accrued Expenses S 70,000 50,000 Long-Term Debt Common Stock Paid-In Capital Retained Earnings 130,000 70,000 40.000 0.000 $450,000 Total Liabilities and Stockholders' Equity Refer to the figure above. The fim's return on equity is Select one a, 100% b. 52.8% C. 55.6% d. 58.0% O ( Refer to the figure above. What is the firm's average collection period? Select one: O O O O a. 14.4 days b. 29 days c. 25 days d. 20 days Refer to the figure above. What is Megaframe Computer's total asset turnover? Select one a. 1.94x O b. 4.5x O c. 3.6x d. 2x Refer to the figure above. Megaframe's quick ratio is Select one: O a. 12x O b. 2x O c. 1x O d. 1.5x