Please answer all the questions

Question 1

Question 2

Question 3

Sales for the year were $76,000 and cost of goods sold were $60,800. The balance sheet at the end of the year is given below: Liabilities and Equity Assets Accounts payable 19,000 8,000 Cash 19,000 Current liabilities 3,000 Accounts receivable 95,000 Long-term debt 24,000 Inventory 114,000 Total liabilities 35,000 Current assets 20,000 Paid-in capital 34,000 Machines 15,000 Retained earnings 80,000 Real estate 35,000 Equity 114,000 Net fixed assets Total liab. & equity 149,000 149,000 Total assets Part 1 What is the firm's days' sales in receivables? 1+ decimals Submit Part 2 What is the total asset turnover? Sales for the year were $82,000 and cost of goods sold were $65,600 The balance sheet at the end of the year is given below: Liabilities and Equity Assets 18,000 Accounts payable Cash 10,000 18,000 5,000 Current liabilities Accounts receivable 95,000 Long-term debt 42,000 Inventory 113,000 Total liabilities 57,000 Current assets 20,000 Paid-in capital 34,000 Machines 38,000 Retained earnings 80,000 Real estate 58,000 Equity 114,000 Net fixed assets Total liab. & equity 171,000 171,000 Total assets What is the firm's days' sales in inventory? No decimals Submit Part 2 What is the firm's days' sales in receivables? omals Sales for the year were $68,000 and cost of goods sold were $54,400. The balance sheet at the end of the year is given below: Assets Liabilities and Equity Cash 14,000 Accounts payable 22,000 Accounts receivable 5,000 Current liabilities 22,000 Inventory Long-term debt 33,000 95,000 Current assets 52,000 Total liabilities 117,000 Paid-in capital Machines 34,000 20,000 Retained earnings 80,000 29,000 Real estate 49,000 114,000 Equity Net fixed assets Total liab.&equity 166,000 166,000 Total assets Part 1 What is the firm's inventory turnover (using cost of goods sold)? 2+ decimals Submit