Lily Co. uses a periodic inventory system. Its records show the following for the month of May, in which 69 units were sold. Units Unit Cost Total Cost May 1 Inventory 32 $6 $192 15 Purchases 27 9 243 24 Purchases 32 10 320 Totals 91 $755 Compute the ending inventory at May 31 and cost of goods sold using the FIFO and LIFO methods.

Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625