Acme Building Products Income Statement ($ millions)
	2013
Net Sales (credit sales)	85723
Cost of goods sold	34227
Depreciation	11611
Earnings before interest & taxes	39389
Interest expense	5245
Taxable Income	34114
Less: Taxes	11950
Net Income	22194

Acme Building Products Balance Sheet ($ millions)
	2012	2013		2012	2013
Cash	1668	1897	Accounts Payable	4694	4932
Accounts Receivable	5617	5327	Notes Payable	2500
Invenstory	3848	4947	Total	7194	4932
Total	11113	12171	Long-term Debt	9800	11650
Net Fixed Assets	27489	27107	Common Stock	17500	17500
Total Assets	38622	39278	Retained Earnings	4128	5196
			Total	38622	39278

QUESTION 2

1. What is Acmes Quick Ratio for 2013?

   		2.46
   		2.00
   		1.08
   		1.46
   		None of the above

5 points

QUESTION 3

1. What is Acmes accounts receivable turnover for 2013?

   		2.46
   		4.17
   		16.09
   		7.04
   		None of the above