Correct mark 1000 out of 1000 flag question question

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Question 6CorrectMark 10.00 out of 10.00Flag questionQuestion textIn which order are current assets listed on the balance sheet? Select one:a. cash, short-term investments, accounts receivable, inventories b. cash, accounts receivable, inventories, short-term investmentsc. cash, inventories, accounts receivable, short-term investmentsd. cash, inventories, short-term investments, accounts receivable
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The correct answer is: cash, short-term investments, accounts receivable, inventories
CorrectMarks for this submission: 10.00/10.00.Question 7IncorrectMark 0.00 out of 10.00Flag questionQuestion textIf a company collects a $3,500 account receivable, what is the impact of this activity on the current ratio and the working capital, respectively?
IncorrectMarks for this submission: 0.00/10.00.Question 8CorrectMark 10.00 out of 10.00Flag question
Question textABC Inc. was incorporated two years ago by issuing 5,000 shares of common stock at $400 each and borrowing $240,000 from a bank on a long-term note. Last year, ABC reported net income of $40,000 and paid a cash dividend of $1,800. During the year, the company also borrowed an additional $320,000 from the bank. What was total assets on ABC's balance sheet at the end of the year last year?
CorrectMarks for this submission: 10.00/10.00.Question 9Partially correctMark 6.00 out of 10.00Flag questionQuestion textClick on the link below to view selected financial information for Panettone, Inc.Financial DataIn the answer boxes below, select the right answer from the drop-down menu. Each answer is worth 2 points. Answers are rounded to two decimals.
Average Collection PeriodAnswerDebt to Equity RatioAnswerAR TurnoverAnswerCurrent RatioAnswerFeedbackRatioAnswer Days Sales in Inventory260.71Average Collection Period104.29Debt to Equity Ratio2.17AR Turnover3.5Current Ratio1.71Partially correctMarks for this submission: 6.00/10.00.

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