Use the following table, which provides historical data for SnacksCo, a manufacturer of snack foods, to answer the next four questions. Assume an operating tax rate of 30 percent and a cost of capital of 9 percent Income statement Year 1 Year 2 540.0 555.0 Revenues Cost of sales (350.0) (360.5) Selling, general, and (50.5) (S0.0) administrative (10.0) (10.5) Depreciation 130.0 EBIT 133.5 Interest expense (7.5) (7.5) Gain/(loss) on sale of assets (30.0) Earnings before taxes 122.5 96.0 es (24.8) (21.5) Net income 97.7 74.5 Balance sheet Year 2 Year 1 Operating cash Excess cash and marketable 10.6 15.0 securities 102.8 100.0 Accounts receivable 90.0 94.5 150.0 157.5 Inventory Current assets 353.4 367.0 206.7 219.8 Property, plant, and equipment Equity investments 180.0 180.0 740.1 766.8 Total assets 116.6 119.6 Accounts payable 45.0 45.0 Short-term debt 89.0 90.1 Accrued expenses 253.7 251.7 Current liabilities 80.6 68.4 Long-term debt 120.0 120.0 Common stock 312.5 Retained earnings 300.0 766.8 Total liabilities and equity 740.1 6. What is SnackCo's operating margin in year 2? a) 13.4 percent. b) 16.8 percent. c) 24.0 percent. d) 35.3 percent. 7. What is SnackCo's capital turnover in year 2 using average invested capital? a) 2.1x b) 2.0x c) 1.5x d) 0.5x 8. What is SnackCo's ROIC in year 2? a) 20.3 percent. b) 24.8 percent. c) 33.6 percent. d) 35.4 percent. 9. Using the table below, if receivables, inventories, and other current assets are $520 in 2015, then what is the number of days in cash? a) 28 days. b) 29 days. c) 30 days. d) 31 days