1.Which of the following types of measures focuses primarily on income statement information?

long-term solvency measures.

short-term liquidity measures.

market valuation measures.

profitability measures.

None of the answer choices is correct.

2.Dresden Inc. has net sales of $1,200,000, cost of goods sold of $900,000, operating expenses of $200,000, interest expense of $30,000, and income tax expense of $10,000. The company's gross margin ratio is (round to the nearest tenth of a percent):

8.3%

5.0%

10.0%

25.0%

None of the answer choices is correct.

3.During 2017, Victory Inc. had beginning accounts receivable of $42,000 and ending accounts receivable of $48,000. Its net sales of $450,000 are composed of 20% cash sales and 80% credit sales. Based on this information, what is Victorys receivables turnover ratio?

7.5 times

8.0 times

10.0 times

2.0 times

None of the answer choices is correct.

4.During 2017, Columbia Inc. had beginning accounts receivable of $680,000 and ending accounts receivable of $760,000. Its net sales of $4,500,000 are composed of 20% cash sales and 80% credit sales. Based on this information, what is Columbia's average collection period?

58.4 days

292.0 days

73.0 days

5.0 days

None of the answer choices is correct.