MC Qu. 172 Refer to the following selected...

Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year 2.

Multiple Choice

14.8%.

22.3%.

9.8%.

2.8%.

15.4%.

MC Qu. 112 A corporation reported cash of...

A corporation reported cash of $14,700 and total assets of $179,000 on its balance sheet. Its common-size percent for cash equals:

Multiple Choice

8.21%.

12.18%.

6.21%.

20.55%.

14.34%.

Year Year 1 Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity 486,000 427,750 251,620 12,200 54,180 41,400 297,000 168,800 128,200 277,800 11,200 68,750 47,550 320,100 173,900 146,200