Shown below are the financial statements for the Beta Corporation

Beta Corporation
Income Statement
for the year ended December 31, 20X9 and 20X8
(amounts in thousands)
	20X9	20X8
Net Sales	$130,000	$117,000
Cost of Goods Sold	64,000	56,000
Gross Profit	66,000	61,000
Operating Expenses	35,000	38,800
Operating Income	31,000	22,200
Interest Expense	8,000	7,200
Income Before Income Tax	23,000	15,000
Income Tax	9,050	6,240
Net Income	$ 13,950	$ 8,760
Beta Corporation
Balance Sheet
December 31, 20X9 and 20X8
Assets	20X9	20X8
Cash	$18,500	$17,000
Accounts Receivable	10,100	12,400
Inventory	15,600	10,000
Plant Assets	39,000	32,000
Less: Accumulated Depreciation	(6,000)	(5,000)
Total Assets	$77,200	$66,400
Liabilities & Stockholders' Equity
Accounts Payable	$21,900	$16,000
Notes Payable short term	4,400	4,000
Bonds Payable	18,000	17,000
Common Stock	11,600	11,300
Retained Earnings	21,300	18,100
Total Liabilities & Stockholders' Equity	$77,200	$66,400

5. Refer to Beta Corporation. What is the working capital for 20X9 and 20X8, respectively?

A. $22,300 and $23,400

B. $6,700 and $13,400

C. $17,900 and $19,400

D. $2,300 and $9,400

6. Refer to Beta Corporation. What is the inventory turnover for 20X9?

A. 5.00

B. 4.10

C. 5.69

D. 6.00

7. Refer to Beta Corporation. The percentage change in Notes Payable is:

A. 9.09%

B. 9.52%

C. 10.0%

D. 4.0%

8. Refer to Beta Corporation. The debt ratio in 20X9 is:

A. 51.2%

B. 57.4%

C. 97.4%

D. 34.1%

9. Refer to Beta Corporation. What is the days payable outstanding for 20X9?

A. 96 days

B. 125 days

C. 108 days

D. 116 days

10. Refer to Beta Corporation. What is the ROA for 20X9?

A. 16.8%

B. 13.2%

C. 18.1%

D. 19.4%