A company has current assets of $540,000 and a current ratio is 3.40. Assume that the company prepays rent for 9 months in the amount of $29,000. The current ratio after this transaction is closest to:

4.16.

3.58.

3.40.

3.22.

Kirk Furniture Company had net Accounts Receivable of $940,000 at the beginning of the year and $1,020,000 at the end of the year. Net Sales Revenue for 2010 was $6,690,000. What is the days to collect from customers?

55.65 days

51.29 days

53.47 days

68.21 days

Company X has net sales revenue of $456,000, cost of goods sold of $345,000, and net income of $20,000. If interest expense is $10,100 and income tax expense is $1,100, the times interest earned ratio is closest to:

rev: 05_03_2016_QC_CS-50697

3.10

2.09

0.06

2.98