Use the following information for the next two questions: Pollack Corp reports Sales of $500,000, Cost of Goods Sold of $300,000, Selling General and Administrative Expenses of $100,000, Average Inventory $30,000 and Average Receivables of $ 250,000. 1. How many days inventory are held a. 10 b. 36.5 C. 73 d. 100 e. 300 2. What is accounts receivable turnover a. 2.0 b. 1.6 3. An analyst of the airline industry would expect to see a. High asset turnover and low profit margin for ROA b. Low asset turnover and high profit margin for ROA C. High asset turnover and high profit margin for ROA d. Low asset turnover and high profit margin for ROA e. All of the above Company A reports the following at the end of 2019: Sales $4,000,000 Cost of Goods Sold $3,000,000 Interest Expense $1,000,000 Inventory Turnover 5 times Receivable Turnover 10 times What is the amount of average inventory in 2019 a. $300,000 b. $400,000 C. $600,000 d. $800,000 e. $1,000,000 5. What would you not expect to find in a proxy statement a. Projection of next year earnings b. Shareholder proposals C.Executive management compensation d. Number of times Board Committee met during the year e. Fees paid to public accounting firm retained by the client