Use the below Financial Statements to address questions 25-27. Precision Tool 2009 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest pald Taxable income Less: Taxes Net Income $36,408 28,225 1.760 6,423 510 $5,913 2070 $3.843 Precision Tool 2008 and 2009 Balance Sheets 2008 2009 2008 2009 $2,060 $1,003 Accounts payable $7.250 Cash $8,384 Accounts rec 3,411 4,218 Long-term debt 9,800 11.500 Inventory 18.276 71.908 Common stock 15,000 17.500 Total $24,247 $27,129 Retained earning 5.352 3825 Net fixed assets 14.169 14.000 Total assets $38.407 541,209 Total lab & equity $38.407 $91,209 25. What is the networking capital to total assets ratio for 2008? A. 34.18 percent B. 44.25 percent C. 47.49 percent D. 51.47 percent E.65.83 percent 26. How many days on average does it take Precision Tool to sell its inventory? A. 164.30 days B. 187.77 days C. 219.63 days D. 247.46 days E. 283.31 days 27. What is the return on equity for 2009? A. 15.29 percent B. 16.46 percent C. 16.98 percent D. 17.27 percent E. 18.02 percent