answered them all short question if yu can't answer all please don't do at all pass to someone else thanks

1. Patton Corporation had the following items on its financial statements for two recent years:

	Year 2		Year 1
Sales	$2,500,000		$2,000,000
Cost of goods sold	1,975,000		1,600,000
Cash	500,000		475,000
Temporary investments	150,000		150,000
Accounts receivable (net)	200,000		175,000
Inventory	325,000		300,000
Accounts payable	450,000		400,000

Based on these data, calculate Patton Corporations accounts receivable turnover for Year 2.

6.7

12.5

14.3

None of these choices are correct.

2. Patton Corporation had the following items on its financial statements for two recent years:

	Year 2		Year 1
Sales	$2,500,000		$2,000,000
Cost of goods sold	1,975,000		1,600,000
Cash	500,000		475,000
Temporary investments	150,000		150,000
Accounts receivable (net)	200,000		175,000
Inventory	325,000		300,000
Accounts payable	450,000		400,000

Based on these data, calculate Patton Corporations number of days sales in inventory for Year 2.

3.2

57.8

5.7

6.3

3. In addition to the financial statements and the accompanying notes, corporate annual reports normally include which of the following sections?

Management Discussion and Analysis

Report on Internal Control

Report on Fairness of the Financial Statements

All of these choices are correct.

4. Johnston & Myers Inc. had the following balance sheet data for a recent year:

Current assets $720,000

Property, plant, and equipment (net) 1,110,000

Current liabilities 230,000

Long-term liabilities 450,000

Common stock, $10 par 250,000

Retained earnings 1,000,000

What is Johnston & Myers Inc.s ratio of fixed assets to long-term liabilities?

0.9

2.1

4.1

None of these choices are correct.

5. Johnston & Myers Inc. had the following balance sheet data for a recent year:

Current assets	$720,000
Property, plant, and equipment (net)	1,110,000
Current liabilities	230,000
Long-term liabilities	450,000
Common stock, $10 par	250,000
Retained earnings	1,000,000

What is Johnston & Myers Inc.s ratio of liabilities to stockholders equity?

0.5

0.7

0.9

None of these choices are correct.

6. Starlight Company had the following data taken from its most recent financial statements:

Sales	$3,200,000
Interest expense	56,000
Net income	500,000
Total assets	4,000,000
Total liabilities	2,400,000
Total stockholders equity	1,600,000

Based on these data, calculate Starlight Companys return on total assets.

8%

12.5%

27.8%

None of these choices are correct.