Biwott Company Balance Sheet As of December 31, 2021
Assets
Cash	$ 60,000
Accounts Receivable	60,000
Marketable Securities	80,000
Land	20,000
Equipment (net)	160,000
Total	$ 380,000
Liabilities and Stockholders' Eqiuity
Accounts Payable	$ 30,000
Taxes Pay. in 10 days	20,000
Bonds Pay. in 4 yrs.	80,000
Common Stock	125,000
Retained Earnings	125,000
Total	$ 380,000

What amount of quick assets did Biwott Company hold at December 31, 2021?

	a.	$120,000
	b.	$140,000
	c.	$200,000
	d.	$220,000

Cook Corporation Balance Sheet As of December 31, 2023
Assets
Cash	$ 30,000
Accounts Receivable	120,000
Inventory	90,000
Fixed Assets (net)	550,000
Total	$ 790,000
Liabilities and Stockholders' Eqiuity
Accounts Payable	$ 60,000
Bonds Pay. in 12 yrs.	210,000
Common Stock	170,000
Retained Earnings	350,000
Total	$ 790,000

Cook held $92,500 of merchandise in inventory at the beginning of the year, and the cost of goods sold for the year equalled $730,000

What was the company's inventory turnover?

	a.	3
	b.	8
	c.	4
	d.	6

. Blue Corporation reports the following items in the stockholders equity section of its Balance Sheet:

Common Stock - at Par	$ 300,000
Paid-in Capital in Excess of Par - Common	$ 122,000
Retained Earnings	$ 30,000
Treasury Stock	$ 46,000

What is Blue Corporations total stockholders equity?

	a.	$452,000
	b.	$468,000
	c.	$406,000
	d.	$422,000