# quiz 1 - ViewAttempt1of1 Title: Started: Submitted: Time...

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View Attempt 1 of 1 Title: Quiz 1 Started: June 19, 2011 6:54 PM Submitted: June 19, 2011 8:00 PM Time spent: 01:05:57 Total score: 60/100 = 60% Total score adjusted by 0.0 Maximum possible score: 100 1. Goshen Industrial Sales has sales of \$828,900, total equity of \$ of 4.6 percent and a debt-equity ratio of 0.55. What is the return General Feedback: Return on assets = + 0.55) ? \$539,200 Score: 4/4 2. What is the goal of financial management for a sole proprietors

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General Feedback: Refer to section 1.4 Score: 0/4 3. A fire has destroyed a large percentage of the financial records You have the task of piecing together information in order to re You have found the return on equity to be 13.8 percent. Sales w debt ratio was 0.42, and total debt was \$548,000. What is the re General Feedback: Debt-equity ratio = 0.72414 Return on assets = 8.00 percent EOC #: 3.32 Score: 4/4 4. Which one of the following will increase the profit margin of a
General Feedback: Refer to section 3.2 Score: 4/4 5. Firms that compile financial statements according to GAAP:

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## This note was uploaded on 11/17/2011 for the course ECONOMICS 103 taught by Professor Tohmass during the Spring '11 term at University of Houston-Victoria.

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quiz 1 - ViewAttempt1of1 Title: Started: Submitted: Time...

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