cs d otal elling expense In performing a vertical analysis, the base for cost of goods Sord d. total selling expense 3. b. total revenues. c. total expenses. a. net sales (For Question 4-7) The following information pertains to Bell Company. Assume that all sales were on credit. Assets cash Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment $40,000 20,000 20,000 210,000 $295,000 Total Assets Liabilities and Stockholders' Equity $ 60,000 85,000 150,000 $295,000 Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations $85,000 45,000 40,000 20,000 $20,000 6,000 $ 20 $0.90 $30,000 4. What is the inventory turnover for this company? a. 2 times. b. 2.25 times. c. 44 times. d. 1 time. How many days, in average, for this company to collect its receivables? a. 185 days. 5. b. 92 days c. 86 days d. 34 days