1. Current liabilities is $2,500,000 and current assets is $6,000,000. What is the current ratio?

A. 2.4

B. .42

C. 1

D. 0

2. The retained earnings account includes transactions over what period of time?

A. 1 year

B. 10 years

C. 1 quarter

D. Since the company was started.

3. Which of the following transactions belong in the cash flow statement's investment section?

A. Sale of equipment

B. Sale of inventory

C. Interest payments

D. Common stock issue

4.

Given the information below, what is the firm's long term debt ratio?
Long Term Debt	$20,000
Total Debt	$54,000
Total Equity	$66,000

A. 45%

B. 81.82%

C. 30.30%

D. 23.26%