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QUESTIONS Savory Thymes, Inc. had net credit sales of $9,000,000 and cost of goods sold of $5,250,000 for the year. The beginning inventory for the

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QUESTIONS Savory Thymes, Inc. had net credit sales of $9,000,000 and cost of goods sold of $5,250,000 for the year. The beginning inventory for the year amounted to $1,260,000 and the ending inventory for the year amounted to $1,240,000. The average days in Inventory during the year was approximately: 51 days 65 days 70 days 87 days QUESTION 9 Aps Company reported the following on its income statement: Income before income taxes $420,000 Income tax expense 120.000 Net income $300,000 An analysis of the income statement revealed that interest expense was $60,000. Aps Company's times interest eamed for the previous year was 10 times. Aps times interest earned for the current year is: 6 times, which is favorable compared to the previous year. 9 times, which is unfavorable compared to the previous year. 8 times, which is unfavorable compared to the previous year, 8 times, which is favorable compared to the previous year

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