11) Which of the following ratios are useful for evaluating the effectiveness with which the company uses its assets a b C d Acid test (quick ratio) Price earnings ratio Yes Yes Yes No No No No Yes 12) On December 31, of 2013 and 2014, Lacoste Corp had 100,000 shares of common stock and 50,000 shares of noncumulative and nonconvertible preferred stock issued and outstanding Additional information for 2014 is as follows Stockholders' equity at Dec 31 $4,500,000 Net income year ended Dec 31 $1,200,000 Dividends on preferred stock year ended Dec 31 $300,000 Market price per share of common stock at Dec 31 $72 The price carnings ratio on common stock at December 31 was 5 to 1 b 6 to 1 8 to 1 d 9 to 1 a C

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11) Which of the following ratios are useful for evaluating the effectiveness with which the company uses its assets  a  b  C  d  Acid test (quick ratio) Price earnings ratio Yes Yes Yes No No No No Yes 12) On December 31, of 2013 and 2014, Lacoste Corp had 100,000 shares of common stock and 50,000 shares of noncumulative and nonconvertible preferred stock issued and outstanding   Additional information for 2014 is as follows  Stockholders' equity at Dec 31 $4,500,000 Net income year ended Dec 31 $1,200,000 Dividends on preferred stock year ended Dec 31 $300,000 Market price per share of common stock at Dec 31 $72 The price carnings ratio on common stock at December 31 was 5 to 1 b  6 to 1 8 to 1 d  9 to 1 a  C

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11) Which of the following ratios are useful for evaluating the effectiveness with which the company uses its assets? a. b. C. d. Acid-test (quick

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