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Presented below is selected financial data for Teague Industries for the current year. Current assets: Current liabilities Cash and cash equivalents $3,503 Accounts payable Short-term
Presented below is selected financial data for Teague Industries for the current year. Current assets: Current liabilities Cash and cash equivalents $3,503 Accounts payable Short-term investments 1,555 Other current liabilities Receivables, net 1,811 Total current liabilities Merchandise inventories 6,205 Noncurrent liabilities Other current assets 1,975 Shareholders' Equity Total current assets 15,049 Total liabilities and shareholders' equity Noncurrent assets 4,674 Total assets $19,723 $5,385 2,892 8,277 5,196 6,250 $19,723 SER OA. 3.58 OB. 3.76 O c. 3.16 OD. 2.94 $50,826 45,963 4,863 Revenues Costs and Expenses Operating Income Other income/expense (including interest expense of $60) Income before income tax Income tax expense Net income Previous Years' Financial Data Total Assets Shareholders' Equity (36) 4,827 (1,449) $3,378 $17,020 4,000 O A. 3.58 OB. 3.76 OC. 3.16 OD. 2.94 Costs and Expenses 45,963 h: Operating Income 4,863 Other income/expense (including interest expense of $60) (36) ur Income before income tax 4,827 Income tax expense (1.449) Net income $3,378 Previous Years' Financial Data Total Assets $17,020 Shareholders' Equity 4,000 The financial leverage for Teague Industries is (Round your answer to two decimal places, X.XX.) O A. 3.58 OB. 3.76 OC. 3.16 OD. 2.94
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