OPTIONS ARE:

Net income for 2019 was $23,000.Compute the rate of return on common stockholders' equity for 2019. (Round your final answer to two decimal places.)

Alden Corp. has the following balances as of December 31, 2019: Total Assets Total Liabilities Total Equity $91,000 69,000 22,000 Calculate the debt to equity ratio. (Round your answer to two decimal points.) O A. 0.32 O B. 2.82 OC. 3.14 O D. 4.14 Match the key term to the definition. (Click the icon to view the definitions.) Definition Key Term 1. Stock certificate 2. Preemptive right 3. Authorized stock 4. Preferred stock 5. Paid-in capital The maximum number of shares of stock that the corporate charter allows the a. corporation to issue. b. Stock that gives its owners certain advantages over common stockholders. c. Stockholders' right to maintain their proportionate ownership in the corporation. Represents amounts received from stockholders of a corporation in exchange for d. stock. e. Paper evidence of ownership in a corporation. When a corporation sells 9,000 shares of $10 par value common stock for $156,000, Common Stock is credited for $90,000. O O True False O'Malley, Inc. issued 90,000 shares of common stock in exchange for manufacturing equipment. The equipment has a fair value of $1,480,000. The stock has a par value of $0.05 per share. The journal entry to record this transaction includes a O A. debit to Cash for $14,755,000 O B. credit to Paid - In Capital in Excess of ParCommon for $1,475,500 O c. credit to Gain on Sale of Common Stock for $1,570,000 OD. credit to Common Stock$0.05 Par Value for $1,480,000 Superstar Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.75 per share. Common Stock, $5.00 par, 128,000 shares authorized, 59,000 shares issued and outstanding Paid in Capital in Excess of ParCommon Retained Earnings Total Stockholders' Equity $295,000 127,000 299,000 $721,000 What would be the total stockholders' equity after a 10% common stock dividend? O A. $422,000 O B. $721,000 OC. $432,600 OD. $788,850 The 2019 balance sheet for Standard Electronics reported the following items with 2018 figures given for comparison: Standard Electronics Balance Sheet As of December 31, 2019 $573,000 Standard Electronics Balance Sheet As of December 31, 2018 $493,000 Total Assets 330,000 283,000 Total Liabilities Total Stockholders' Equity (all common) Total Liabilities and Stockholders' Equity 243,000 210,000 $573,000 $493,000 O A. 10.15% OB. 4.01% O c. 4.32% OD. 9.47% Shelcal, Inc. provides the following data for the year 2019: Net Sales Revenue Cost of Goods Sold 427,730 258,000 The cost of goods sold as a percentage of net sales revenue is decimal places.) Round your answer to two O A. 60% O B. 60.52% O C. 60.32% O D. 60.64% The financial statements for Uptown Service Company include the following items: 2019 2018 Cash $52,500 $48,000 Short-term Investments 33,000 15,000 Net Accounts Receivable 59,000 46,000 Merchandise Inventory 164,000 49,000 Total Assets 532,000 546,000 Accounts Payable 131,500 126,000 Salaries Payable 16,000 16,000 Long - term Note Payable 55,000 54,000 Compute working capital for 2019. O A. $161,000 OB. $106,000 OC. $32,000 OD. $144,000 2019 2018 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Accounts Payable Salaries Payable Long-term Note Payable $50,500 26,000 52,000 131,000 532,000 132,500 16,000 57,000 $42,000 14,500 48,000 51,000 548,000 127,000 16,000 57,000 Compute the acid-test ratio for 2018. (Round your answer to two decimal places) O A. 0.63 OB. 0.73 OC. 0.87 OD. 0.82 Cash Accounts Receivable, Net Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 2019 $43,000 138,000 74,000 185,000 $440,000 2018 $25,000 62,000 50,000 120,000 $257,000 For the year ending Decem er 31, 2019: Net Credit Sales $290,000 Cost of Goods Sold (130,000) Gross Profit $160,000 Calculate the accounts receivable turnover ratio for 2019. (Round your answer to two decimal places.) O A. 2.10 times O B. 2.90 times O C. 5.80 times OD. 3.19 times