Question: Table 2.1 Balance Sheet Cole Eagan Enterprises December 31, 2005 Each Accoumts Pavable Accounts Receivable Notes Pavable Inventory Accruals TotalCurrent Assets Total Current Etabtisties Net

Table 2.1 Balance Sheet Cole Eagan Enterprises December 31, 2005 Each Accoumts Pavable Accounts Receivable Notes Pavable Inventory Accruals TotalCurrent Assets Total Current Etabtisties Net Fixed Assets Long-Term Debt Total Assets Stockholders Equity Total Liabilities & SE 1.000 Information (2005 values) 1. Sales totaled $110,000 2. The gross profit margin was 25 percent. 3. Inventory turnover was 3.0. 4. There are 360 days in the year. 5. The average collection period was 65 days. 6. The current ratio was 2.40. 7. The total asset turnover was 1.13. 8. The debt ratio was 53.8 percent Notes payable for Cole Eagan Enterprises in 2005 was (See Table Seleccione una A. $ 41,372 B. $ 52,372 O c. $ 10,609 D. $113,466

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