5) A corporation reports the following year-end balance sheet data. The company's acid-test 5) ratio equals 89.0 21,000 114,000 132,000 S 54,000 Current liabilities Cash Accounts receivable Inventory Equipment Total assets 69,000 Long-term liabilities Common stock 159,000 Retained carnings $56 00 Total liabilities and equity 356000 E) 0.31 A) 1.38 B) 2.21 0.45 D) 0.69 6) Selected current year company information follows: 6) S 16.453 Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year 108.20 129,351 The total asset turnover is (Do not round intermediate calculations.): A) 6.20 times. B) 2.71 times. C 3.02 times. D) 2.29 times. E) 2.45 times. 7) Selected current year company information follows: 7) Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year 17,353 726,855 97,932 117,201 212,935 142,851 The return on total assets is (Do not round intermediate calculations.): A) 2.3496. B) 2.39%. 9 2.80%. D) 2.55%. E) 6,08%