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<\/div><\/div><\/div> 4) Shown below are selected data from the balance sheet of Lily's Candy Store (dollar amounts are in thousands): Cash 150 Accounts receivable 390 Inventory 700 Total assets Current liabilities 900 Noncurrent liabilities 420 Lily's debt ratio is: A) 33%. *B) 105.6%. C) 115.5%. D) 49%. 5) A continuously, increasing gross profit rate most strongly suggests: A) An increase in physical sales volume. B) Intense competition. *C) Strong consumer demand for the company's products. D) None of the above. 6) All of the following are false regarding operating expenses except: *A) Operating expenses are incurred for the purpose of producing revenue. B) Operating expenses are subdivided into the classifications of component and trend. () Operating expenses are not incurred in professional service businesses. D) Operating expenses are called \"non-core\" expenses",
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"title": "Accounting Principles",
"isbn": "1119491630, 978-1119491637, 978-0470534793",
"edition": "10th Edition",
"authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso",
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"isbn": "9781498743334",
"uri": "\/textbooks\/accountable-the-baylor-scott-and-white-quality-alliance-accountable-care-journey-1st-edition-9781498743334",
"name": "Accountable The Baylor Scott And White Quality Alliance Accountable Care Journey",
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"question_posted": "2024-06-29 02:48:37",
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