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Viper Construction's days sales outstanding is 50 days (on a 365-day basis). The company's accounts receivable equal $100 million and its balance sheet shows inventory equal to $125 million.

Select your answer from the choices below.

1.To determine the Annual Sales,

a)Accounts Receivable minus Days Sales Outstanding divided by the number of days in a year

b)Days Sales Outstanding divided by Accounts Receivable multiplied by the number of days in a year

c)Days Sales Outstanding plus Accounts Receivables multiplied by the number of days in a year

d)Accounts Receivable divided by Days Sales Outstanding multiplied by the number of days in a year

e)Days Sales Outstanding divided by Accounts Receivables divided by the number of days in a year

2.What is the average number of days that the receivables of Viper Construction remain outstanding before they are collected?*

a.7.3 days

b.50 days

c.360 days

d.7.2 days

e.365 days

3.To determine the Inventory turnover,*

a)Annual Sales multiplied by Days Sales Outstanding

b)Annual Sales divided by Accounts Receivable

c)Inventory divide by Annual Sales

d)Annual Sales divided by Inventory

e)Inventory multiplied by Annual Sales

4.What is the Viper Corporation's Inventory turnover ratio?*

a.5 days

b.5 times in a year

c.6 times in a year

d.Php 4

e.Php 6

5.How much is the Annual Sales?*

a)Php 730,000,000

b)Php 136,986,301

c)Php 400,000,000

d)Php 100,000,000

e)Php 182,500,000

6.How would you evaluate Viper Corporations Inventory turnover ratio? (3 points)*

a.The firm completes the cycle of investing in inventory and sells it in 5 days.

b.The firm completes the cycle of investing in inventory and selling it five times in the year.

c.The firm completes the cycle of investing in inventory and sells it at Php 6 per unit.

d.The firm completes the cycle of investing in inventory and sells it at Php 4 per unit.

e.The firm completes the cycle of investing in inventory and selling it six times in the year.

7.To determine the days sales outstanding,*

a)Annual Sales divided by Accounts Receivable multiplied by the number of days in a year

b)Annual Sales divided by Accounts Receivable divided by the number of days in a year

c)Accounts Receivable divided by Annual Sales multiplied by the number of days in a year

d)Annual Sales minus Accounts Receivable divided by the number of days in a year

e)Accounts Receivable plus by Annual Sales multiplied by the number of days in a year

You are REQUIRED TO ATTACH your solutions for the following problems below. Select your answers from the choices below that corresponds to your solution. Example: 16286; 12.84; 1728376

PROBLEM SOLVING

1.Dahlia Enterprise's DSO is 50 days (on a 365-day basis). On the balance sheet, accounts receivable totalP100 million, and inventory totals P125 million. What is the inventory turnover ratio?*

2.Calla Lily Corp. purchases on terms of 2/8, net 45 days, does not accept discounts, and pays after 58 days. How much does the non-free trade credit cost in terms of effective annual percentage cost? (Incorporate a 365-day year.)*

3.Credit terms of 4/30, net 90 days have been given to the Orchids Incorporated. What is the nominal annual percentage cost of the non-free trade credit if it pays within 120 days of purchase? (Assume a calendar year of 365 days.)*