Q17:

Assume the following sales data for a company:

2011 $945,000

2010 845,000

2009 650,000

If 2009 is the base year, what is the percentage increase in sales from 2009 to 2010?

Select one:

a.

70%

b.

130%

c.

23%

d.

30%

Q18:

if the cost of goods sold is $ 400,000 and credit purchases is $250,000. the trade payable balance at 1/1 is $20,000 and at 31/12 is $24,000. the payable days turnover is

a.

20.1 days

b.

32.12 days

c.

21.9 days

d.

29.2 days