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Cash Accounts receivable Inventory Net fixed assets Total assets Balance Sheet $ 2,300 Accounts payable 4,600 Long-term debt 11,800 Common stock 44 700 Retained earnings

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Cash Accounts receivable Inventory Net fixed assets Total assets Balance Sheet $ 2,300 Accounts payable 4,600 Long-term debt 11,800 Common stock 44 700 Retained earnings $63.400 Total liab. & equity $ 4.200 26 500 20,000 12,700 $63.400 Income Statement Sales Cost of goods sold Depreciation Interest Taxes Net income $71,500 52.900 5,400 500 4,300 $ 8.400 If the accounts payable had a balance of $4,600 last year, then accounts payable is a. a source b. a use c. neither a source nor a use of cash this year. If the common stock account had a balance of $22,000 last year, then the common stock account is a of cash this year. a. a source b. a use c. neither a source nor a use What is the market-to-book ratio if there are 2,000 shares of stock outstanding and the market price per share is $46? a. 2.81 b. 4.06 c. 4.54 d. 5.39 10. What is the common size ratio of the depreciation expense? a. 7.55 percent b. 8.14 percent c. 8.52 percent d. 9.45 percent

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