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A firm has a year-end retained earnings balance of $220,000 for 2014

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A firm has a year-end retained earnings balance of $220,000 for 2014. The firm reported net profits after taxes of $50,000 and paid dividends of $30,000 in 2015. The firm's retained earnings balance at 2015 year end is ______.
Select one:
a. $250,000
b. $270,000
c. $240,000
d. $300,000

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______ may indicate a firm is experiencing stockouts and lost sales.
Select one:
a. Average collection period
b. Quick
c. Inventory turnover ratio
d. Average payment period