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1. 2. 3. 4. Shown below is selected information from the statement of financial position (balance sheet) of Comoros, a small electronics store (dollar amounts
1. 2. 3.4.
Shown below is selected information from the statement of financial position (balance sheet) of Comoros, a small electronics store (dollar amounts are in thousands): Cash Accounts receivable Inventory Total assets Current liabilities Noncurrent liabilities $ 67 $ 127 $ 200 $ 860 $ 220 $ 335 What is the quick ratio? Multiple Choice 1.79 to 1 0.58 to 1 0.88 to 1 0.91 to 1 Shown below is selected information from the statement of financial position (balance sheet) of Comoros, a small electronics store (dollar amounts are in thousands): Cash Accounts receivable Inventory Total assets Current liabilities Noncurrent liabilities $ 77 $ 137 $ 250 $ 910 $ 320 $ 385 What is the current ratio? Multiple Choice 0.67 to 1 0.78 to 1 1.45 to 1 0.43 to 1 Shown below is selected information from the statement of financial position (balance sheet) of Comoros, a small electronics store (dollar amounts are in thousands): Cash Accounts receivable Inventory Total assets Current liabilities Noncurrent liabilities $ 83 $ 143 $ 280 $ 940 $ 380 $ 415 What is the amount of working capital? Multiple Choice O $506 o $380 O $209 O $126 Shown below is selected information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data). Income statement information: Net sales Cost of goods sold Operating expenses Net income Balance sheet information: Average total equity Average total assets $ 1,350 $ 550 $ 470 $ 450 $ 3,000 $ 4,600 Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $94 per share. Supreme's gross profit rate was: Multiple Choice 33.33%. 24.44%. 40.74%. 59.26%Step by Step Solution
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