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Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Year 2 $74,000 $ 130,e00 $ 255,000 $ 240,e00 $
Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Year 2 $74,000 $ 130,e00 $ 255,000 $ 240,e00 $ 173,000 $ 180,e00 $ 564,000 $610,e00 $1,35e,e00 $1,33e,e00 $ 170,000 $ 160,e00 $ 633,000 $620,e00 $ 717,000 $ 710,e00 $1,290,900 $ 700,e0e Year 1 Cash Accounts receivable, net Inventory Total current assets Total assets Accounts payable Total liabilities Total stockholders' equity Sales (al1 on account) Cost of goods sold The company's inventory turnover for Year 2 is closest to Multiple Choice 3.89 1.04 3.97 4.05 Burdick Corporation has provided the following financial data from its balance sheet: Year2 $ 266,00e $162,0ee $1,415,eee $ 991,eee Year $ 250, eee $ 190,0ee $1,39e,eee $ 970,eee Accounts receivable, net Inventory Total assets Total stockholders' equity Sales (all on account) in Year 2 amounted to $1,410,000 and the cost of goods sold was $860,000 The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 10.4 days 79.5 days 141.3 days 72.2 days
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