question 13 Moving to another question will save this response. CCC Inc has the following balance sheet and income statement data: $14,000 70,000 280,000 $364,000 126,000 $490,000 $280,000 27,800 Cash Receivables Inventories Total CA Net fixed assets Total assets tus: Sales Net income 1 Accounts payable Other current liabilities Total CL 2 Long-term debt Common equity Total liab, and equity The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry average, 2.25, without affecting either s are sold off and not replaced to get the current ratio to the target level, and that the funds generated are used to buy back common stock at book value, by how much would intermediate calculations. O a. 15.54% O b. 11.75% O c. 12.97% O d. 30.68% O e. 27.89% #3 S4 $42,000 28,000 $70,000 140,000 280,000 $490,000 $ 2 LO % 5 CO 6 1 RTY U

CCC Inc has the following balan intermediate cakrulations. a. 15.54% b. 11.75% c. 12.97% d. 30.68% e.27.896 CCC Inc has the following balan intermediate cakrulations. a. 15.54% b. 11.75% c. 12.97% d. 30.68% e.27.896