Q$9$ customer services paid K$.$Castillo, the store, the sole shareholder of Costillo services $$6000$ in dividends during the current year.The entry to close a dividends account at the end of the year is:

$1.$ debit dividend $$6000$; Credit retained earnings $$6000$

$2.$ debit retain earning $$6000$ credit salary expense $$6000.$

$3.$debit retain earning $$6000$ credit dividend $$6000.$

$4.$debit income summary $$6000$ credit for $10$ earning $$6000.$

$5.$ debit dividend $$6000$ credit Kash $$6000.$

Q$10$ Blue wind corporations, quick asset to $$6,145,000.$ It's current assets are $$13,635,000$ and it's current liabilities are $$8,161,000.$ It's acid test ratio equals.

$1.0\mathrm{.}45.$

$2.1\mathrm{.}33$

$3\mathrm{.}0\mathrm{.}75$

$4.0\mathrm{.}60$

$5.2\mathrm{.}42$

Q$11$ A companies net sales were $$731,500.$ It's cost of good sold was $$245,050$ and it's net income was $$64,100.$ It's gross margin ratio equals.

$1.66\mathrm{.}5\%$

$2.33\mathrm{.}5\%$

$3.298\mathrm{.}5\%$

$4.8\mathrm{.}8\%$

$5.26\mathrm{.}2\%$