Calculator Zenith Corporation sells some of its used store fixtures. The acquisition cost of the fixtures is $13,934, and the accumulated depreciation on these fixtures is $6,919 at the time of sale. The fixtures are sold for $4,362. The value of this transaction in the investing section of the statement of cash flows is ca. $7,015 ob. $13,934 oc. $2,653 od. $4,362 Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. $38,278 32,954 Assets Cash and short- term investments Accounts receivable (net) Inventory Property, plant, and equipment Total assets 31,399 204,588 $307,219 Liabilities and Stockholders' Equity Current liabilities $69,695 Long-term liabilities 97,468 Common stock, $10 par 58,630 Retained earnings 81,426 Total liabilities and $307,219 stockholders' equity Income Statement Sales $83,401 Cost of goods 37,530 sold Gross margin $45,871 Operating 27,232 expenses Net income $18,639 Number of shares of common stock 5,863 PIPEILY Pun 204,588 and equipment Total assets $307,219 Liabilities and Stockholders' Equity Current liabilities $69,695 Long-term liabilities 97,468 Common stock, $10 par 58,630 Retained earnings 81,426 Total liabilities and $307,219 stockholders' equity Income Statement Sales $83,401 Cost of goods 37,530 sold Gross margin $45,871 Operating 27,232 expenses Net income $18,639 Number of shares of 5,863 common stock Market price of common $33 stock What is the current ratio? Round your answer to two decimal places. ca. 2.22 ob. 1.47 oc. 0.55 od. 1.02 Calculator Privett Company Accounts payable $25,367 Accounts receivable 65,011 Accrued liabilities 6,020 Cash 19,790 Intangible assets 38,042 Inventory 70,576 Long-term investments 113,552 Long-term liabilities 71,637 Marketable securities 33,991 Notes payable (short- 25,978 term) Property, plant, and 684,699 equipment Prepaid expenses 1,509 Based on the data for Privett Company, what is the amount of quick assets? a. $809,056 ob. $1,645,349 c. $53,781 ed. $118,792 The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets $42,293 Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Total Assets 29,279 37,585 280,324 $389,481 Liabilities and Stockholders' Equity Current liabilities $61,167 Long-term liabilities 87,121 Common stock, $20 par 115,240 Retained earnings 125,953 Total Liabilities and stockholders' $389,481 equity $86,887 39,099 Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income $47,788 20,367 $27,421 5,762 Number of shares of common stock Market price of common stock Dividends per share $20 $1.00 Calculator Inventory Property, plant, and equipment Total Assets 37,585 280,324 $389,481 Liabilities and Stockholders' Equity Current liabilities $61,167 Long-term liabilities 87,121 Common stock, $20 par 115,240 Retained earnings 125,953 Total Liabilities and stockholders $389,481 equity Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income $86,887 39,099 $47,788 20,367 $27,421 Number of shares of common 5,762 stock Market price of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the return on stockholders' equity? ca. 1.0% ob.4.2% ec. 21.8% ed. 4.8%
