DQuestion 11 2 pts The purpose of an audit is to O determine whether or not a company is a good investment O render an opinion on the fairness of the O determine whether or not a company complies with corporate social responsibility. O determine whether or mot a company is a good credit risk DQuestion 12 2 pts Accounts 40,000 7,000 Long-term 110.000 Long-term 75,000 Marketable 36,000 Notes payable 30.000 (short-term) Property.625000 plant, and Based on the above data, what is the amount of quick assets? O $205,000 O $203,000 O $131000 O$66000 Question 13 2 pts Which of the following measuresa company's ablity to pay its cument labilities? O curment ratio Question 14 2 pts Short-term creditors are typicallymst interested in assessing marketability operating rs O selveney Question 15 2 pts The balance sheets at the end of each of the fhirst two years of eperations indicate the following 2012 201 Total current ansets $600,0005560000 Total investments60,000 40,000 Total property plant. 900 000 700000 and equipment otal current abilities Total long-term 350000 250000 abilities Preferred 9% stock, 10000 100000 $100 par Common stock $30 600000 600000 125000 5000 Pald-in capital in 75.000 75000 Retained earnings 310,000 210000 If net income is $115000 and intest expense is $30,000 for 2012 whuit is the rate earned on stockhoilders equity for 2012 lround percent to one decimal point? 106% O t24% 140%