optionals - chap 3

optionals - chap 3 - Chapter 03 Use the following financial...

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Chapter 03 Use the following financial statements to answer Balance Sheet Income Statement Cash $ 900 Accounts payable $ 1,300 Sales $22,000 Accounts receivable 1,500 Long-term debt 16,500 Cost of goods sold 16,500 Inventory 4,700 Common stock 10,000 Depreciation 4,200 Net fixed assets 33,400 Retained earnings 12,700 Taxes 200 Total assets $40,500 $40,500 Net income $ 1,100 Select the best answer. All answers are rounded. ________ 1. What is the value of the quick ratio? a. 0.40 b. 0.69 c. 1.85 d. 5.46 ________ 2. What is the inventory turnover rate? a. 1.84 b. 2.02 c. 3.51 d. 4.68 ________ 3. What is the amount of the net working capital? a. $900 b. $1,100 c. $5,800 d. $7,100 ________ 4. What is the profit margin? a. 2.72% b. 5.00% c. 5.91% d. 11.00% ________ 5. What is the return on equity? a. 2.72% b. 4.85% c. 8.67% d. 11.00% ________ 6. If the accounts payable had a balance of $1,200 last year, then accounts payable is _____ of cash. a. a source
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optionals - chap 3 - Chapter 03 Use the following financial...

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