Based upon the accounting statements that are provided for UAC, Inc.calculate the following.

Assume 52 operating weeks per year.

a) Inventory turns

b) Weeks of Supply

Show all calculations for credit.

Income Statement Revenue Cost of Goods Sold Gross Profit Operating Expenses Income before Income Taxes Income Tax 400,000 264,000 136,000 60,000 76,000 10,200 65,800 Net Income Balance Sheet Assets Cash Receivables Inventories 10,000 8,000 52,000 100,000 6,000 176,000 Property, Plant & Equipment Goodwill Total Assets Liabilities & Stockholder Equity Short-term Debt Accounts Payable Taxes Payable Long-term Debt Total Liabilities 6,800 32,000 2,400 92,000 133,200 Total Stockholders Equity 42,800 Total Liabilities & Stockholders Equity 176,000