13. Selected financial information for a company appears immediately below Cash balance $ 20,000 Current assets 40,000 Total assets 100,000 Accounts payable 10,000 Current liabilities 25,000 Total liabilities 40,000 Total stockholders' equity 60,000 What is the corporation's current ratio? All answers have been rounded to the nearest one decimal place (for example, an answer of 7.93 would round to 7.9). A 2.5 B 0.8 1.6 D 1.7 None of the above E 14. A company receives payment of $780 from a customer in partial satisfaction of a $1,000 amount owed to the company by the customer for services provided to the customer and invoiced three weeks prior to the date of payment, To record the receipt of the $780, the company should ... A Debit Accounts Receivable for $1,000 B Credit Accounts Receivable for $780 Debit Accounts Receivable for $780 D Credit Cash for $780 E None of the above 15. 170,000 Selected financial information for a company appears immediately below Total revenue $100,000 Total expenses 80.000 Net income 20,000 Total assets 300,000 Total liabilities Total stockholders' equity 125,000 What is the corporation's net profit margin ratio? All percentage answers have been rounded to the nearest one decimal place (for example, an answer of.5671 would round to 56.7%) 6.7% B 20.0% 33.3% D 16.0% E None of the above 16. Five general ledger accounts are listed immediately below. Accounts Payable Salaries Payable Capital Stock Dividends Dividends Payable Which account(s) listed above would normally appear on an income statement? A Capital Stock B Dividends Payable Dividends D All of the listed accounts would normally appear on an income statement E None of the listed accounts would normally appear on an income statement