Notes Payable$150.00$125.00Total$527.00$440.00Long-Term Debt$500.00$750.00Common Stock$400.00$400,00Retained Earnings$37.00$32.00Total Liabilities$1,390.00$1.558.00Sales20212022Sales$5.459 81Cost of Goods Sold$7.967.59QuestionsAssume Adam Corp. has this balance sheet and they are projecting theor sales and cost of goods sold.What is the Inventory Turnover for the current yeastDQuestion 2 Notes Payable$150.00$125.00Total$527.00$440.00Long-Term Debt$500.00$750.00Common Stock$400.00$400,00Retained Earnings$37.00$32.00Total Liabilities$1,390.00$1.558.00Sales20212022Sales$5.459 81Cost of Goods Sold$7.967.59QuestionsAssume Adam Corp. has this balance sheet and they are projecting theor sales and cost of goods sold.What is the Inventory Turnover for the current yeastDQuestion 2 20212022Cash$45.00$50.005211.00$192.00Inventory$134.00$116.00Total$390.00$358,00Net Fixed Assets$1.000:00$1 200,00Total Assets$1.390.00$1.558.0020212027Accounts Payable5377.005315.00Notes Payable$150.005125.00Total$527/0084-40100Long. Term Debt1500.001750.00Common Stock$400.00$400.00Retained Earnings$37/00532 00Total Liabilities$1,390.00Sales202 12022$545081Cost of Goods Sold$7.967 59