Multiple Choice Questions
Use the Hialeah Bell Corporation financial statements that follow to answer questions 1 through 6.

1. During 2010, Hialeah Bells total assets
a. Increased by $9,390 million.
b. Increased by 26.2%.
c. Both a and b.
d. Increased by 20.8%.
2. Hialeah Bells current ratio at year end 2010 is closest to
a. 1.2.
b. 9,390.
c. 20.8.
d. 0.9.
3. Hialeah Bells acid-test ratio at year-end 2010 is closest to
a. $0.68.
b. $0.75.
c. $8,533 million.
d. 0.45.
4. What is the largest single item included in Hialeah Bells debt ratio at December 31, 2010?
a. Cash and cash equivalents
b. Investments
c. Accounts payable
d. Common stock
5. Using the earliest year available as the base year, the trend percentage for Hialeah
Bells net revenue during 2010 was
a. 121%.
b. up by 21.2%.
c. up by $11,820 million.
d. 138%.
6. Hialeah Bells common-size income statement for 2010 would report cost of goods sold as
a. 79.5%.
b. Up by 16.8%.
c. 130.5%.
d. $34,000million.

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Hialeah Bell Corporation Consolidated Statements of Income In millions, except per share amounts) Year ended Decenber 31 42.788 $35,299 $30,968 34,000 29.111 26,01 8.7886,18 4.907 Cost of goods Gross profit Operating exOE Selling, general, and administrativ3,341 3,000 2,581 Research, developmest and 556 542 Total operaing expesse Operating income 3,915 3,556 3,625 4,873 2,6321,282 and odher income (ons x Income before income 5,043 2,844 1,204 3,943 $ 1,932 $ 732 S 133 0.94 0.42 1.100 Net income Eareings per common share Hialeah Bell Corporation Consolidated Statements of Financial Position (In millions) December 31 2010 Current assets Cash and cash equi Short-term investm Accounts receivable, ne Inventories S 4,301 4,138 3,402 2,401 ー 1.213 8,674 932 5,323 144 $19,029 $15,073 1,638 10,598 1,517 6,613 Total current assets 一 Property, plant, and equipment, net Liahilities and Stockholders Equity Current liabilities: Accounts payable $ 7,702 3.676 11,378 301 1,701 6,002 Accrued and other 9 Total current liabilit Long-term Other noncurrent lia Commitments and contingent liabilities (Note 7) 302 1167 Total liabilities 13.380 10,51 Stockholders' equity Preferred stock and capital in excess of $0,02 par valus shares issoed and ounstanding none.. Common stock and capital in excess of $0.05 par value; shares authorized: 6,000; shares issued: 3,240 and 2,989, respectively Treasury stock, at cost 175 and 124 shares, 7,801 7,004 respectively Retained Other comprehensive (6,333) 4,321 (104) (4,404) 2,054 (50) Total stockholders' equity Total liabilities and stockholders' equity-................- 5,649 $19,029$15,073