QUESTION 14: If a firm turns over its average inventory of $59,389,000 five times (IT=5), and the gross profit margin is 58%, what is the total revenue (sales)?

		$707 million
		$645 million
		$693 million
		$775 million
		none of these

QUESTION 15: Trico Corporations DSO is 28.6 days. If the accounts receivable total $3,840,000, What would the firms annual sales be?

		$19.893 million
		$49.007 million
		$59.390million
		$38.908 million
		none of these

QUESTION 16: The target capital structure is the

		projects that form the goal for the coming year
		set of strategic objectives of the firm over the next 5-10 years
		mix of capital components used in fundraising for projects
		systematic repayment of debt through equal periodic payments