Oakland Tax Planning

Surround, Inc. provides the following data: Surround, Inc. Comparative Balance Sheet Dec. 31, 2019 Assets Current Assets: Cash and Cash Equivalents Account Receivable, Net Merchandise Inventory Total Current Assets Property, Plant, and Equipment, Net Total Assets $29,000 31,000 53,000 $113,000 120,000 $233,000 O A. 0.39 OB. 0.05 OC. 1.23 OD. 0.65 Surround, Inc. provides the following data: Surround, Inc. Comparative Balance Sheet Dec. 31, 2019 Assets Current Assets: Cash and Cash Equivalents Account Receivable, Net Merchandise Inventory Total Current Assets Property, Plant, and Equipment, Net Total Assets $29,000 31,000 53,000 $113,000 120,000 $233,000 O A. 0.39 OB. 0.05 OC. 1.23 OD. 0.65