5. Below are the adjusted trial balances for XYZ Corp, at year end 2012 and 2011. All accounts listed had normal balances XYZ Corp Adjusted Trial Balances Call accounts have normal balances) Account 2012 2011 Cash & cash equivalents Short term investments (securities) Accounts receivable (trade) Inventory Property & equipment, net 22,500 12,000 15,000 18,000 30,000 15,000 8,000 10,000 12,000 20,000 Accounts payable Notes payable Long term debt 15,000 7,500 28,500 10,000 5,000 19,000 Common stock Contributed capital Retained earnings 1,500 41,500 3,500 1,000 30,000 Selena Women Gross sales revenues Sales returns & allowances 30,000 1,500 Cost of goods sold Rent expense Salaries expense Depreciation expense income tax expense Requirements: A. Calculate XYZ Corp's gross profit percentage for 2012 B. Calculate XYZ Corp's average collection period (in days) for 2012 C. Calculate XYZ Corp 's average days to sell inventory for 2012 D. Calculate XYZ Corp.'s quick ratio for 2012 5. Below are the adjusted trial balances for XYZ Corp, at year end 2012 and 2011. All accounts listed had normal balances XYZ Corp Adjusted Trial Balances Call accounts have normal balances) Account 2012 2011 Cash & cash equivalents Short term investments (securities) Accounts receivable (trade) Inventory Property & equipment, net 22,500 12,000 15,000 18,000 30,000 15,000 8,000 10,000 12,000 20,000 Accounts payable Notes payable Long term debt 15,000 7,500 28,500 10,000 5,000 19,000 Common stock Contributed capital Retained earnings 1,500 41,500 3,500 1,000 30,000 Selena Women Gross sales revenues Sales returns & allowances 30,000 1,500 Cost of goods sold Rent expense Salaries expense Depreciation expense income tax expense Requirements: A. Calculate XYZ Corp's gross profit percentage for 2012 B. Calculate XYZ Corp's average collection period (in days) for 2012 C. Calculate XYZ Corp 's average days to sell inventory for 2012 D. Calculate XYZ Corp.'s quick ratio for 2012