Unit 3 (50 pts) 1. SQC Inc. had sales of $3,000,000, cost of merchandise sold of $2,100,000, and average inventory of $140,000. What is SQC Inc.'s days' sales in inventory? (Round the answer to the nearest whole number.) a, 24 days b. 17 days c. 15 days d. 30 days average inventory (Cost Of Salesinumber of days) 2. A computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000, and an estimated useful life of 5 years. Determine the second year's depreciation expense using the straight-line method. a $10,200 Cost of equipment - residual value = depriciable value b. $22,400 depriciable value = Useful life = depreciation per year c. $11,200 d. $12,200 3. Emerald Co. has 50,000 shares at $12 par common stock outstanding. If the company decides to buy 20% of its shares for $15 per share, the total stockholders' equity will: a, increase by $600,000 b. increase by $750,000 danace by $150,000