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Please . Please highlight your answer ( s ) for the multiple choice questions. You can select more than one answer . Use the following to answer...

What is the year 2018 Asset turnover for makenna company?IMG_2572.jpg

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Q : Please answer the eight accounting questions attached . Please .
Please answer the eight accounting questions attached . Please highlight your answer ( s ) for
the multiple choice questions. You can select more than one answer .
Use the following to answer questions 21 through 23 :
The following information pertains to Makenna Company .
Balance Sheet
Assets :
|12 / 13 / 2018
\12 / 3 1 / 2017
Cash and short - term investments
Accounts receivable ( net )
$ 35, 000
\$ 25, 000
Inventory
25 , 000
15, 000
Property , plant , and equipment
20 , 000
10, 000
Total assets
190 , 000
\180 , 000
$270, 000
$230 , 000
Liabilities and Stockholders' Equity :
Current liabilities
Long-term liabilities
$ 50, 000
$40 , 000
Common Stock , $ 1 Par Value
175 , 000
165, 000
Retained Earnings
5, 000
5, 000
Total liabilities and stockholders' equity
\140 , 000
120, 000
$270 , 000
$230. 000
Income Statement for the year ended December 31 , 2018 :
Sales
Cost of goods sold
$ 85, 000
Gross profit
45 , 000
40, 000
\Operating expenses
15 , 000
Interest expense
\5 , 000
Net income
$ 20, 000
What is the Year 2018 Asset Turnover for Makenna Company ?
A .
1.00
B .
2.94
C .
0. 18
D.
0. 34
What is the Year 2018 Return on Total Assets for Makenna Company ?
10 . 0%
8.0%
0. 10%
1. 0%
_23 .
What is the Quick Ratio for Makenna Company at December 31 , 2018 ?
1 .11
1. 60
i'mUD
1.44
1.20
TI`
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Top Answer

21.Assets Turnover Ratio for Mekenna Company in 2018 = 0.34 So, The Correct option... View the full answer

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