Wacham's Feed Mall 2007 Income Statement is ons Net sales Less Cost of goods sold Less Depreciation S21.407 16.829 1.324 3254 Earnings before interest and taves Less Interest paid Taxable Income Less Taces Net income s 2.327 814 Waxham's Feed Mill 2006 and 2007 Balance Sheets 2006 2007 Cash Accounts rec Inventory Total Net fixed assets51911.310 Total assets S 1,642 S 987 Accounts payable 2,062 687594 Retained earning S18411 S18.04 Total liabt equity $18.411 $18.904 1,203 1,318 Long-term debt 4.047 5.289 Common stock 6,840 6,400 7,500 7,500 10. How many days on average does it take Waxham's Feed Mill to sell its inventory? (Use 2007 values) A. 87.77 B. 114.71 C. 111.02 D. 90.18 E. 72.18 I1. What is the equity multiplier for 2007? A. 2.03 B. 1.72 C. 1.67 D. 1.94 E. 1.91