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show all steps plz Use the data below for the following four questions The following data represents selected information from the comparative income statement and

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Use the data below for the following four questions The following data represents selected information from the comparative income statement and balance sheet for Lion King Company for the years ended December 31, 2000 and 2001: 2001 2000 Net Sales (all on credit) Cost of Goods Sold Gross margin Net Income Cash $370,000 $333,000 150,000 210,000 183,000 57,000 14,000 160,000 70,000 10,000 30,000 5 43,000 25,000 Inventory Prepaid expenses Total current assets Total noncurrent assets Total current liabilities Total noncurrent liabilities Common stock, no-par Retained earnings 40,000 2000 intrese 5,000 88,000 112,000 70,000 40,000 60,000 30,000 7,000 86,000 104,000 60,000 45,000 60,000 25,000 NOTE: 10,000 shares of common stock have been issued and outstanding since the compary was established. They had a market value of $90 per share at 123 1/00, and they were selling for $91.50 per share at 12/31/01 41. Referring to the above data, Lion King's book value per share of common stock at 12/31/01 was: . S91.50 b.$9.00 c.$6.00 d.$3.00 42. Referring to the above data, Lion King's average days' sales uncollected for the year ended 12/31/01 was: a. 12.33b. 27.14 c. 82.19 d. 75,34 43. Referring to the above data, Lion King's inventory turnover for the year ended 2/31/01 was: a. 8.92 c. 3.72 d. 3.86 b. 5.06 44. Referring to the above data, Lion King's rate of return on assets for the year ended 12/3 1/01 was: a. 0.515 b. 0.36 c. 0.475 d. 0.40

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