The cost of goods sold computations for Novak Company and Flounder Company are as follows. Novak Company Flounder Company Beginning inventory $ 45,000 $ 71,000 Cost of goods purchased 199,000 295,475 Cost of goods available for sale 244,000 366,475 Ending inventory 55,060 71,500 Cost of goods sold $ 188,940 $ 294,975 (a1) Correct answer icon Your answer is correct. Compute inventory turnover for each company. (Round answers to 2 decimal places, e. g. 15.25.) Novak Company Flounder Company Inventory turnover enter inventory turnover rounded to 2 decimal places 3.78 enter inventory turnover rounded to 2 decimal places 4.14 eTextbook and Media Attempts: 1 of 10 used (a2) Compute days in inventory for each company. (Round answers to 0 decimal places, e. g. 1,250. Use 365 days for calculation.) Novak Company Flounder Company Days in inventory enter the days in inventory days enter the days in inventory days

5. understanding marginal and average tax rates consider the economy of citronia, where citizens consume only oranges. assume that oranges are priced at $1 each. the government has devised the following tax plans: plan a • consumption up to 1,000 oranges is taxed at 50%. • consumption higher than 1,000 oranges is taxed at 20%. plan b • consumption up to 2,000 oranges is taxed at 15%. • consumption higher than 2,000 oranges is taxed at 60%. use the plan a and plan b tax schemes to complete the following table by deriving the marginal and average tax rates under each tax plan at the consumption levels of 300 oranges, 1,200 oranges, and 3,000 oranges, respectively. consumption level plan a plan b (quantity of oranges) marginal tax rate average tax rate marginal tax rate average tax rate (percent) (percent) (percent) (percent) 300 1,200 3,000 complete the following table by indicating whether each plan is a progressive tax system, a proportional tax system, or a regressive tax system. progressive proportional regressive plan a plan b