1. Highly Suspect Corporation has current liabilities of $421,000, a quick ratio of 1.30, inventory turnover of 3.60, and a current ratio of 3.30. What is the cost of goods sold for the company?

• $5,001,480

• $547,300

• $1,052,500

• $3,031,200

• $1,094,600

2. Y3K, Incorporated, has sales of $4,800, total assets of $3,115, and a debt-equity ratio of 1.40. If its return on equity is 19 percent, what its net income?

• $160.04

• $912.00

• $591.85

• $246.60

• $86.57