I cut the wrong answers for your help.

4. return on assets is computed as:

A. Net income / Average stockholders' equity

C. Return on sales Asset turnover

D. B or C

6. Information about a segment of the business that a company sells, abandons, or otherwise disposes of is reported in the:

B. Balance sheet

C. Discontinued operations section of the income statement

D. Retained earnings statement

7. A single-step income statement for a merchandising firm:

B. May not be used because it is an unacceptable reporting format

C. Does not show a gross profit on sales amount

D. None of the above

8. On the income statement of a merchandising company, interest income and interest expense are reported:

B. By offsetting interest income and interest expense and showing the excess as an operating revenue or expense

C. As separate items of other income and expense below the net operating income or loss

D. As part of cost of goods sold

9. The operating-cash-flow-to-current-liabilities ratio is computed by dividing a firm's a net cash flow from operating activities by:

A. Total liabilities at the middle of the period

B. Current liabilities at the beginning of the period

D. Average current liabilities for the period

10. Guinea C. Company is preparing trend percentages for its service fees earned for the period 2013 through 2017. The base year is 2013. The 2016 trend percentage is computed as:

A. 2015 service fees earned divided by 2016 service fees earned

B. 2016 service fees earned divided by 2012 service fees earned

C. 2016 service fees earned divided by 2013 service fees earned