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Oriole, Inc. had net credit sales of $9700000 and cost of goods sold of $5100000 for the year. The average inventory for the year amounted

Oriole, Inc. had net credit sales of $9700000 and cost of goods sold of $5100000 for the year. The average inventory for the year amounted to $1020000. The average days in inventory during the year was approximately

38 days.

51 days.

56 days.

73 days.

BrambleStore had a balance in the Accounts Receivable account of $730000 at the beginning of the year and a balance of $870000 at the end of the year. Net credit sales during the year amounted to $6320000. The accounts receivable turnover was

7.5 times.

8.7 times.

7.9 times.

4.0 times

Given the following data for the Waterway Company:

Current liabilities $ 440
Long-term debt 540
Common stock 760
Retained earnings 760
Total liabilities & stockholders equity $2500

How would common stock appear on a common size balance sheet?

22.4%

72.4%

30.4%

32.4%

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