Question 44 The following information is available for Sunland Company: 2017 2016 Accounts receivable $ 370000 $ 349000 Inventory 300000 400000 Net credit sales 3090000 1390000 Cost of goods sold 1750000 830000 Net income 310000 167000 The inventory turnover for 2017 is 5.8 times. 5.0 times. 4.4 times. 2.8 times.

Question 44 The following information is available for Sunland Company: 2017 2016 Accounts receivable $ 370000 $ 349000 Inventory 300000 400000 Net credit sales 3090000 1390000 Cost of goods sold 1750000 830000 Net income 310000 167000 The inventory turnover for 2017 is 5.8 times. 5.0 times 4.4 times 2.8 times. Question 45 The following amounts were taken from the financial statements of Coronado Company: 2017 2016 Total assets 5720000 5480000 Net sales 780000 630000 Gross profit 460000 260000 Net income 102000 116000 Weighted average number of common shares outstanding 90000 90000 Market price of common stock $40 $38 The return on assets for 2017 is 14.17% 17.00%. 21.25%. 8.50%