Problem 1: Management Ratios (10 points) You are CEO of a fast food restaurant and have just received the financial statements for the year. Use this data to calculate the values in parts a-e below. Total Revenue $21,025,200 Annual Credit Sales $9,890,500 Cost of Goods Sold $10,027,700 Total Operating Expenses $2,200,200 Interest Expense $981,200 Income Tax Expense $1,891,800 Net Income $5,924,300 Total Cash Average Accounts Receivable Average Inventory Total Assets Total Liabilities Total Stockholders' Equity $866,000 $2,441,500 $51,100 $32,811,200 $39,069,600 -$6,258,400 Days Sales Outstanding Payables Period 33 days 30 days a) Calculate the receivables turnover ratio (2 points). b) Calculate the inventory turnover (2 points). c) Calculate the asset turnover (2 points). d) Calculate the days of supply (2 points). e) Calculate the cash conversion cycle (Hint: use your answer from part d for the "Days inventory") (2 points)