Use the following for questions 35 - 36: Serena Inc. has the following balances: Ending 12/31/X1 Ending 12/31/X2 Cash $5,000 $10,000 Inventory $1,000 $7,000 Accounts Receivable $2,000 $5,000 Prepaid Expenses $2,000 $3,000 Fixed Assets $30,000 $150,000 Accounts Payable $5,000 $6,000 Short Term Debt $2,000 $4,000 Current Portion of LT Debt $3,000 $10,000 Long Term Debt $15,000 $100,000 Equity $15,000 $55,000 Total sales were $50,000 during this period. COGS was $30,000. Competitors of Lotte Inc. have an average working capital turnover ratio of 3. Assume all sales are made on credit. Question 35 (1 point) What is the working capital turnover ratio during the period? 5 118 Question 36 (1 point) What is the CCC? 21 A/ 24