Q3

a 1.79

b 2.46

c 0.56

d 3.19

Question 2 HomeworkUnanswered How much was the return on equity for this company in 2026 if it paid $14,000 in dividends? 2025 2026 Cash $1,000 $1,600 Accounts receivable $14,000 $11,000 Inventory I $7,000 $6,800 Prepaid rent $1.200 $800 Building $30,000 $30,000 Accumulated deprecia (56,000) (57 200) Land $16.000 $21,000 $63,200 $64,000 Accounts payable Wages payable Utilities payable Notes payable Interest payable Common stock Retained earnings 2025 2026 $3,200 $4,100 $1,000 $2,000 $1,200 $2,100 $32,000 $26.000 $2,800 $1,600 $16,000 $16,000 $7.000 $12.200 $63,200 $64,000 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer 2025 2026 Cash $1,000 $1,600 Accounts receivable $14,000 $11,000 Inventory $7,000 $6,800 Prepaid rent $1,200 $800 Building $30,000 $30,000 Accumulated deprecia (S6,000) (57 200) Land $16,000 $21,000 $63,200 $64.000 Accounts payable Wages payable Utilities payable Notes payable Interest payable Common stock Retained earnings 2025 2026 $3,200 $4,100 $1,000 $2,000 $1,200 $2,100 $32,000 $26,000 $2,800 $1,600 $16,000 $16,000 $7,000 $12,200 $63,200 $64,000 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 75% b 54.7% c 2.0% d 145.8% Question 3 HomeworkUnanswered What was this company's current ratio at December 31, 2026 if prepaid rent is always current and the note and interest are still long term? 2025 2026 2025 2026 Cash $1,000 $1,600 Accounts payable $3,200 $4,100 Accounts receivable $14,000 $11,000 Wages payable $1,000 $2,000 Inventory $7,000 $6,800 Utilities payable $1,200 $2.100 Prepaid rent $1,200 $800 Notes payable $32,000 $26,000 Building $30,000 $30,000 Interest payable $2,800 $1,600 Accumulated deprecia ($6,000) ($7.200) Common stock $16,000 $16,000 Land $16,000 $21,000 Retained earnings $7,000 $12,200 $63,200 $64,000 $63,200 $64.000 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Question 4 HomeworkUnanswered At January 1, 2026, Bergdorf, inc. had $14,000 in current assets and $12,000 in current liabilities. At December 31, 2026, the company had $18,000 in current assets and S12,500 in current liabilities. Bergdorf earned $120,000 in net income during the year. What is Bergdorf's current ratio at December 31, 20267 Select an answer and submit. Por keyboard navigation, use the updows arrow keys to select a wet 1.44 b 1.17 c 1.31 I d 6.67 Question Question 5 HomeworkUnanswered Eagle Inc. purchased $80,000 of inventory during 2026. Eagle had the following balances on its annual Balance Sheets at the end of 2025 and 2026. Eagle's sales were $174,000 during 2026. What is Eagle's inventory turnover ratio? Dec. 31, 2025 Dec. 31, 2026 Inventory $8,200 $7,400 Accounts payable $6,100 $9,600 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 10.26 b 12.05 10.36 d I 10.19 Question 6 HomeworkUnanswered Mistook, Inc. began 2025 with inventory of S6,400 and by the end of the year, its inventory account had dropped to $5,800. During the year, Mistook purchased $40,000 of inventory. All of the inventory was purchased on account, and at the end of 2025, Mistook still owed its suppliers $4,500. What was Mistook's inventory turnover ratio for 2025? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer a 6.66 b 7.00 I c 6.90 d 6.56 Questions Question 7 HomeworkUnanswered NYB, Inc. started into business in 2025, when it issued 1,800 shares of common stock for a total of $18,000. At the end of 2025, NYB had assets of $64,000 and liabilities of $15,000. During the year, NYB paid $3,600 in dividends. What was NYB's earnings per share for the year? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $19.22 b $17.22 $29.22 d 25.22 I Question 8 Homework Unanswered Kirtland Company went into business in 2016 when it sold 200 shares of stock for $20 apiece. No more stock has been issued since that time. At December 31, 2025, Kirtland had $16,000 in its retained earnings, and at December 31, 2026, retained earnings was $12,000. Kirtland paid S10,000 in dividends during 2026. What is Kirtland's earnings per share for 2026? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. S300 b I S2 $50 d S30 Question 9 HomeworkUnanswered If you were interested in investing in a company but were worried about the company becoming too risky because of its large amount of debt, which ratio would you be more interested in? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Current ratio b Return on equity c Inventory turnover d I Question 10 HomeworkUnanswered Which of the following ratios is required by the SEC to be shown on the face of the income statement? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Earnings per share b Return on equity c Debt to equity d Current ratio