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Problem 9: Ratio Calculation (12 points) A. At December 31, 2012, the following information (in...

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Problem 9: Ratio Calculation (12 points) A. At December 31, 2012, the following information (in thousands) was available for Kitselman Inc: ending inventory, $22,600; beginning inventory, $21,400; cost of goods sold, $181,000; and sales revenue, $430,000. Calculate the inventory turnover ratio and days in inventory for Kitselman. B. The following data exists for Mather Company. 2012 2011 Accounts Receivable 80,000 465,000 70,000 410,000 Net Sales Calculate the receivable turnover ratio and the average collection period for accounts receivable in days for 2012. C. Horner Corporation reported net sales of $150,000, cost of goods sold of $90,000, operating expenses of $35,000, other expenses of $10,000, and net income of $15,000. Calculate the following values: 1. 2. Profit margin ratio Gross profit rate 12

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