Your firm has current assets of $280,000 with a current ratio of 1.8 and a quick ratio of 0.6. If your inventory turnover is 5, what is your cost of goods sold? a. $ 700,000 b. $ 875,000 c. $2,181,300 d. $ 933,333 Generational Motors has sales of $10,800,000 and 45 days of sales in receivables. What is their accounts receivable balance? a. $1,331,507 b. $1,415,333 c. $2,125,000 d. $ 851,112 Your firm has sales of $425,000 with cost of goods sold running 25% of sales and operating costs of $120,000. You pay a tax rate of 22% with interest expense of $56,000 and depreciation of $85,000. What is your net income? a. $ 52,875 b. $ 37,245 c. $ 60,645 d. $ 45,045