Multiple Choice Questions (45 Points): Use the following information to answer the next two questions: Balance Sheet Accounts recei Inventory Total assets Total equities 1. Hallie's Inventory turnover ratio is: a. 9.73. b. 8.66. c. 9.16. d. 1.5. e. None of the above is correct. 3. An employee who had performed services for Ajax Company during the year had not been paid by December 31 . The adjusting entry which Ajax Company must make before it prepares its financial statements for the year ended December 31 involves: a. A credit to a liability account. b. A debit to a liability account. c. A credit to an asset account. d. A debit to an asset account. e. No entry is required until the employee is paid. 4. Which of the following accounts would NOT appear in the post-closing trial balance? a. Uneamed Rent Revenue b. Dividends c. Supplies d. Salaries Payable