Question
Gericho Inc.'s financial statements showed the following data on December 31, 2020: Interest expense of $520; Land $11,000; Sales of $31,350, Buildings of $11,407; Net
Gericho Inc.'s financial statements showed the following data on December 31, 2020: Interest expense of $520; Land $11,000; Sales of $31,350, Buildings of $11,407; Net working capital of $2,715; Taxes of $1,450; and Current liabilities of $3,908. What is the company's total assets turnover ? a. 1.30 b. 1.26 c. 1.14 d. 1.19 e. 1.08
2)A friend of yours borrows $39,500 from the bank at 12% annually to be repaid in 12 equal annual end-of-year installments. The interest paid on this loan in year three is Select one: a. $4,323.59. b. $1,560.00. c. $6,376.8. d. $4,543.68.
3)Ramec Inc. ended up with a debt-to-equity ratio of 0.42 on December 31, 2020. What is the company's debt ratio? a. 1.58 b. 0.30 c. 0.36 d. 0.44 e. 2.38
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