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Question 13 (4 points) Cash $10,000 Accounts Receivable Balance Sheet Cole Eagan Enterprises December 31, 2013 $4,500 Accounts Payable Notes Payable Accruals Total Current Liabilities

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Question 13 (4 points) Cash $10,000 Accounts Receivable Balance Sheet Cole Eagan Enterprises December 31, 2013 $4,500 Accounts Payable Notes Payable Accruals Total Current Liabilities Long-Term Debt Stockholders' Equity Total Liabilities & S.E. 1,000 Inventory Total Current Assets Net Fixed Assets Total Assets Information supporting the table above is below and is used to answer the question. Sales totaled $110,000 Cost of goods sold was $82,500 Inventory days on hand was 120 The average collection period was 65 days Inventory for Cole Eagan in 2013 was (see table above) a) $36,164 Ob) $32,448 Oc) $27,123 d) $ 9,167

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