At December 31 a company's records show the following information:

Cash$10,000

Accounts Receivable15,000

Inventory50,000

.Prepaid Insurance6, 000

Long-term Assets120,000

Accounts Payable30,000

Notes Payable due in 10 months25,000

Wages Payable5,000

Long-term Liabilities80,000

Stockholders' (Owner's) Equity106,000

Net Income28,000

Calculate the current ratio

Group of answer choices

2.10

1.35

3.00

None of the above

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Question 2

2pts

At December 31 a company's records show the following information:

Cash$10,000

Accounts Receivable15,000

Inventory50,000

.Prepaid Insurance6, 000

Long-term Assets120,000

Accounts Payable30,000

Notes Payable due in 10 months25,000

Wages Payable5,000

Long-term Liabilities80,000

Stockholders' (Owner's) Equity106,000

Net Income28,000

Calculate the Debt to Equity ratio

Group of answer choices

1.32

2.14

2.85

None of the above

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Question 3

2pts

At December 31 a company's records show the following information:

Cash$10,000

Accounts Receivable15,000

Inventory50,000

.Prepaid Insurance6, 000

Long-term Assets120,000

Accounts Payable30,000

Notes Payable due in 10 months25,000

Wages Payable5,000

Long-term Liabilities80,000

Stockholders' (Owner's) Equity106,000

Net Income28,000

Calculate the Return on Assets

Group of answer choices

2.89%

12.0%

13.9%

None of the above

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Question 4

2.5pts

For its most recent year a company had Sales (all on credit) of $600,000 and Cost of Goods Sold of $400, 000. At the end of the year its Accounts Receivable amounted to $75,000 and its Inventory was $ 50,000. Accounts Payable was $5,000 and Net Income was $42,000.

Calculate the Day's Sales Outstanding

Group of answer choices

54

45

81

40

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Question 5

2.5pts

For its most recent year a company had Sales (all on credit) of $600,000 and Cost of Goods Sold of $400, 000. At the end of the year its Accounts Receivable amounted to $75,000 and its Inventory was $ 80,000. Accounts Payable was $5,000 and Net Income was $42,000.

Calculate the Day's Held

Group of answer choices

45

20

42

72