The following information applies to questions Q9 through Q11. Below you will find information from the Balance Sheet and Income Statement for Oshkosh BGosh Inc. as of 31 December, 1997. Use this information to answer the following questions. Assume a 365-day year and that amounts in parentheses are negative numbers. Oshkosh BGosh Inc. and Subsidiaries (Year ended December 31, 1997) Assets (000s) Liabilities (000s) Current Assets Current Liabilities Cash & Marketable Secs. $22,479 Accounts Payable $13.379 Accounts Receivable 23,278 Accrued and Other Liabs 34,907 Inventories 68,226 Total Current Liabilities 48,286 Prepaids and Other Current 17,065 Long-Term Liabilities Total Current Assets 131,048 Long-term Debt 0 Other Liabilities 13,345 Fixed Assets Total Liabilities 61,631 Plant & Equipment 32,955 Stockholders Equity Deferred Income Taxes 5,500 Common A & B Stock 99 Other Assets 5,285 Retained Earnings 113,058 Total Fixed Assets 43,740 Total Equity 113,157 Total Assets $174,788 Total Liabilities + Equity $174,788 Oshkosh BGosh Inc. and Subsidiaries (Year ended December 31, 1997) Income Statement (000s) Net Sales $395,196 Cost of Products Sold 250,815 Administrative & Selling Expenses 115,439 Royalty Expense (Income) (7,945) Total Operating Expenses 358,309 Operating Income (EBIT) 36,887 Interest Expense 497 Interest and Dividend (Income) (1,797) Other (Income) Expense (1,300) Earnings before Taxes (EBT) 38,187 Provision for Income Taxes 15,629 Net Income (EAC) $22,558 Q9. The Total Asset Turnover ratio for the Industry equals 1.0, the after-tax profit margin equals 1.45% and the Industrys equity ratio is 50.0%. What is the Industrys after-tax return on equity? Hint: Use the After-Tax Dupont Formula. A. 2.90 % B. 3.74 % C. 5.00 % D. 6.93 % E. 8.26 % Q10. The Sales/Receivables ratio for Oshkosh BGosh (OBG) equals 16.9772, and Average Payment Period equals 19.47 days. If OBGs ICP is 99.29 days what is the firms cash conversion cycle (CCC)? A. 96.80 days B. 101.32 days C. 105.84 days D. 116.10 days E. 135.74 days Q11. If the quick ratio for Oshkosh BGosh is 1.30104 times that of the Industry, then the Industrys quick ratio equals ______ ? A. 0.45 B. 0.70 C. 1.00 D. 1.24 E. 2.44