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Acme Building Products Income Statement (S millions) 2013 Net Sales Cost of goods sold Depreciation Earnings before intrest&taxes Interest expense Taxable Income Less: Taxes Net

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Acme Building Products Income Statement (S millions) 2013 Net Sales Cost of goods sold Depreciation Earnings before intrest&taxes Interest expense Taxable Income Less: Taxes Net Income S55,415 36,000 1,611 7,804 ,804 2,341 30% S 5,463 Acme Building Products Balance Sheet (S millions) 2013 800 Accounts Payable 2013 2012 2012 1,694$ 2,000 2,000 668 $ 1,611 1,327 Notes Payable 3,848 6,127 Cash Acc'ts Receivable nventory Total $ 2,500 4,194 9,800 11,650 Total Long-term Debt 4,000 6,127 17,489 17,107 C 23,616 24,181Total 7,500 3,196 $ 23,616 $ 24,346 7,500 t Fixed Assets Retained Earnings value of $1 per share Using Acme's financials above, what is Acme's 2013 operating cas a) $17,074 b) $13,267 c) $15,007 d) $11,374 e) $16,867 1) h low? What is Acme's Current Ratio for 2013? a) 0.71 b) 1.70 c) 2.73 2)

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