1. On January 1, 2017, Alpha Corporation had 50,000 shares of $10 par value common stock outstanding.On July 1, 2017, Alpha issued 50,000 additional shares on July 1, 2017. There is no class of preferred stock.At December 31, 2017, total stockholders' equity was $4,250,000.Use this information to determine the book value per share as of end of the FY 2017: (Round your answer to the nearest penny.)

The following financial information isfor Alpha Corporationarefor the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account 2017 2016

Accounts Receivable $9,800 $9,400

Inventory 30,000 16,000

Net Sales (all credit) 85,000 71,000

Cost of Goods Sold 62,000 52,000

Net Income 7,200 6,900

Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

1.theinventory turnover ratio

2.numberof days of inventory

3. Gross Profit Margin

4. Profit Margin