LESLI CORPORATION
Balance Sheet			Income Statement
Assets:			Sales (all credit)	$5,800,000
Cash	$150,000		Cost of goods sold	-3,000,000
Accounts receivable	450,000		Operating expense	-900,000
Inventory	500,000		Interest expense	-750,000
Net fixed assets	1,900,000		Income taxes	-600,000
Total Assets	$3,000,000
			Net income	550,000
Liabilities and owners' equity:
Accounts payable	150,000
Notes payable (under 1 yr)	550,000
Long term debt	1,200,000
Owners Equity	1,100,000
Toatl liabilities and owners equity	$3,000,000

11. Based on information, the average collection period is

a.36 b. 28.3 c. 13.2 d. 22

12. Based on information, the return on total assets is

a. 70% b. 21.67% c. 44.74% d. 18.3%

13. Based on the information, the operating profit margin is

a. 32.8% b. 22.5% c. 36% d. 39%

14. Based on information, the total asset turnover is

a. 2.4 times b. 3.0 times c. 1.8 times d. 1.9 times

15. Based on the information, the debt ratio is

a. 0.18 b. 0.53 c. 0.50 d. 0.63

16. Based on the information, the current and quick ratios are respectively:

a. 1.57 and 0.86 b. 0.37 and 0.20 c. 2.75 and 1.25 d. 2.75 and 1.50