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17. The Undergrounds Coffee Shop has total assets of $85,300 and an equity multiplier of 1.53. What is the debt-equity ratio? A. 0.28 B. 0.35
17. The Undergrounds Coffee Shop has total assets of $85,300 and an equity multiplier of 1.53. What is the debt-equity ratio?
A. 0.28
B. 0.35
C. 0.50
D. 0.53
E. 0.67
18. The Space and Rocket Center takes an average of 55 days to sell its inventory and an average of 2.5 days to collect payment on its sales. What is the inventory turnover rate?
A. 6.64
B. 7.29
C. 8.68
D. 10.18
E. 22.00
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