1.) badBanana co. has an average age of inventory equal to 25days. if its end of year inventory level is $8,500, then what doesthat imply for the cost of goods sold during the year? (round tothe nearest dollar)
a.) $582
b.) $4964
c.) $21,250
d.) $124,100
2.) What Ratio measures the ability of the firm to satisfy itsshort term obligations as they come due?
a.) TImes Interest and earned ratio
b.) current ratio
c.) Inventory turnover ratio
3.) Which of the following represents an inflow of cash?
a.) A decrease in any liability
b.) repurchase or retirement of stock
c.) A decrease in any asset
