If annual demand increases by 100%, the average inventory held in a system governed by the EOQ model is:

Complete the following balance sheet using the information given. Round account balances to the nearest

dollar. Balance Sheet Income Statement Cash Sales (All Credit) $20,000 Accounts receivable Cost of goods sold 10,000 Inventory Operating expenses 6,000 Net fixed assets Interest expense 100 Total assets Taxes 1,365 Net income $2,535 Accounts payable Short-term notes payable $1,425 Ratios: Long-term debt Profit Margin = 12.675% Common stock $5,000 Return on Equity = 15% Retained earnings Quick Ratio = 1.2 Total Liabilities and equity Return on Total Assets = 10% Fixed Asset Turnover = 1.6 Current Ratio = 2 Days Sales Outstanding = 45

An employee or client may be an end-user of an ERP system

Indicate whether the statement is true or false