Question
3.A firm has sales of $3,600, net income of $900, total assets of $5,000, and total liabilities of $5700. Notes Payable is $150. That is
3.A firm has sales of $3,600, net income of $900, total assets of $5,000, and total liabilities of $5700. Notes Payable is $150. That is the common-size statement value of the Notes Payable?
A)1.7 percent "
B)1.14 percent
C)3.0 percent
D)18.0 percent
10.A firm has a total debt ratio of 0.57. This means that that firm has 57 cents in debt for every:
A. $1.00 in equity.
B. $1.00 in current assets.
C. $1.00 in Total Assets
D. $0.33 in Total assets.
12.In analyzing Fyfe Consulting Inc. in terms of Short term solvency, the analysis would involve the following ratio:
A)Price to Earnings
B)Profit Margin
C)Current Ratio
D)Total Asset Turnover
E)Receivables Turnover
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