64 What is the maximum additional amount that the company can borrow after the

# 64 what is the maximum additional amount that the

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asset ratio of 0.64. What is the maximum additional amount that the company can borrow after the additional stock is issued? Select one:a. \$53,000 b. None of these total debt before loan: \$555,500total assets before loan: \$1,658,000 (555,500+1,049,500+(4000*13.25))(555,500+x)/(1,658,000+x)=0.64X=\$1,404,500Company can borrow a maximum amount of \$1,404,500c. \$505,620 d. \$1,061,120 FeedbackYour answer is correct.The correct answer is: None of these Correct Marks for this submission: 10.00/10.00. Question 5CorrectMark 10.00 out of 10.00Flag questionQuestion textBased on the information below and considering that this company paid \$213,500 in cash to its suppliers during the year, what is the company's cost of goods sold for 2015?
1/1/2015 12/31/2015Inventory\$122,400\$134,560Accounts payable \$54,000\$123,000 Correct Marks for this submission: 10.00/10.00. Question 6CorrectMark 10.00 out of 10.00Flag questionQuestion textFFS Clothing Store sells socks. During January 2017, its inventory records for one particular brand of socks were as follows:Quantity Price per pairBeginning Inventory16 pairs\$18 = \$288January 6 Purchase13 pairs\$16= \$208January 10 Sale15 pairsN/AJanuary 15 Purchase18 pairs\$15= \$270January 20 Sale22 pairsN/AJanuary 25 Purchase 14 pairs\$22= \$308
See information for FFS Clothing Store above. Using this information, perpetual LIFO remaining inventory is Correct Marks for this submission: 10.00/10.00.