Question 19 1 pts West Handicrafts, Inc. has net sales of $430,000 with 31 percent of it being credit sales. Its cost of goods sold is $330,000. The firm's cash conversion cycle is 50 days. The firm's operating cycle is 89 days. What is the firm's accounts payable? Round to the nearest dollar. Do not round your intermediate calculations. $36,797 $47,938 $10,565 $35,260 Question 16 1 pts Fahr Company had depreciation expenses of $640,891, interest expenses of $113,090, and an EBIT of $1,388,988 for the year ended June 30, 2006. What are the times interest earned and cash coverage ratios for this company? Round your final answers to one decimal place. Hint: Start with EBIT and the given depreciation, work backward to compute EBITDA and use this to calculate Cash Coverage ratio. None of the above 11.9 time; 18.6 times 13.7 times; 19.3 times 12.3 times; 17.9 times