Braverman Company's net income last year was $75,000 and its interest expense was $10,000. Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000. The company's income tax rate was 30%. The company's return on total assets for the year was closest to: a. 13.5%. b. 12.4%. c. 13.0%. d. 11.9%. Selected year-end data for the Brayer Company are presented below: Current liabilities $600,000 Acid-test ratio 2.5 to 1 Current ratio 3.0 to 1 Cost of goods sold $500,000 The company has no prepaid expenses and inventories remained unchanged during the year. Based on these data, the company's inventory turnover ratio for the year was closest to: a. 1.20 times. b. 2.40 times. c. 1.67 times. d. 2.33 times. Frantic Company had $130,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $16,000. The company's accounts receivable turnover was closest to: a. 5.00 times. b. 13.00 times. c. 10.00 times. d. 8.13 times. Eral Company has $17,000 in cash, $3,000 in marketable securities, $36,000 in current receivables, $24,000 in inventories, and $45,000 in current liabilities. The company's acid-test (quick) ratio is closest to: a. 1.78 to 1. b. 1.24 to 1. c. 0.80 to 1. d. 0.44 to 1. Granger Company had $180,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000. The company's average collection period (age of receivables) was closest to: a. 20.28 days. b. 28.39 days. c. 36.50 days. d. 56.78 days. Last year Javer Company had a net income of $200,000, income tax expense of $74,000, and interest expense of $20,000. The company's times interest earned was closest to: a. 10.00 times. b. 11.00 times. c. 5.30 times. d. 14.70 times.