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Question: ul business school problem 4 25 points given below are...

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@ul鼢 Business School Problem 4 (25 points) Given below are comparative Balance Sheets and Income Statement for Victoria Corporation Victoria Corporation Balance Sheets -Year 2017 Income Statement for year ended 31 December 2017 Dec. 31 Jan. 1 $ 31,600 $ 26,900 Sales 250,0001 214,0001 | cost of goods sold $948,000 468000 178,000 Gross profit Equipment (net) 132.000 | 155.000 | Operating expenses Accounts payable $133,000 $144,000income taxers interest oxpenso(8.990 Dividends payable18,000 14,000 Net inooime Capital stock, $9 par 90,000 90,000 Compute the following. Show solutions (a) Inventory Tumover times (5 points) (b) Days to Sell Inventory times (5 points) (c) Receivables Turmover days (5 points) (d) Days to Collect Receivables days (5 points) e) Operating Cycle
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