136. A company provides services on account. Indicate how this transaction would affect (1) assets, (2) stockholders' equity, and (3) revenues.
     1. (1) Increase, (2) Increase (3) Increase B) (1) Increase, (2) No effect (3) Increase

C) (1) No effect, (2) No effect (3) No effect D) (1) No effect, (2) Increase (3) Increase

137. The balance sheet of ABC reports total assets of $1,500,000 and $1,700,000 at the beginning and end of the year, respectively. Net income and sales for the year are $240,000 and $2,000,000, respectively. What is ABC's asset turnover?
     1. 8.33 times. B) 1.33 times. C) 0.80 times. D) 1.25 times.

138. How many of the following transactions are operating activities? Borrowed $50,000 from the bank

Purchased $12,000 in supplies

Provide services to customers for $27,000 Paid the utility bill of $750

Purchased a delivery truck for $12,000 Received $25,000 from issuing common stock

1. Three. B) Four. C) Two. D) One.

139. A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation?

A) $6,000. B) $3,000. C) $9,000. D) $7,500.

Net income (in millions)	$150
Shares outstanding (in millions)	300
Stock price	$20.00

160) What is the company's price-earnings ratio?

A) 60.0. B) 40.0. C) 80.0. D) 20.0.