Which of the following is thebestexplanation of any company's inventory turnover of 12.0 for the year 2017?

Group of answer choices

a)the company averages about 12 months' sales in inventory.

b)The company averages about one month's sales in inventory.

c)The company averages about 12 days from the time an item is sold until the cash is collected.

d)None of the answer choices is correct.

Assume that Crimson Company's market price per share remains at $20 over a two-year period. Over the same two-year period, Crimson sells an additional 100,000 shares of stock to investors. Net income was the same for both years.The issuance of additional shares will have the following effect for the company over the two-year period:

Group of answer choices

a) Market capitalization will decrease.

b) Market capitalization will increase.

c) Market capitalization will stay the same.

d) Earnings per share will increase.

e) None of the answer choices is correct.

Albany Company has net income before taxes of $90,000, interest expense of $36,000 and an income tax rate of 20%. Based on this information, the company's times interest earned ratio is:

Group of answer choices

a) 2.5 times

b) 3.5 times

c) 4.0 times

d) None of the answer choices is correct.