Question 1 1 pts The year-end financial statements of Synergy Inc. shows average net operating assets (NOA) of $8,450 million, average net nonoperating obligations (NNO) of $(4,033) million, average total liabilities of $9,032 million, and average equity of $12,508 million. The company's financial leverage (FLEV) is: O 30.676 O 0.477) O 0.722 O (0.322) Question 2 1 pts On January 1, Fey Properties collected $5,760 for six months' rent in advance from a tenant renting an apartment. Fey Company prepares monthly financial statements. Which of the following describes the required adjusting entry on January 31? O Debit Unearned rent revenue for $4,800 and Credit Cash for $4,800 O Debit Rent revenue for $960 and Credit Unearned rent revenue for $960 O Debit Unearned rent revenue for $960 and Credit Rent revenue for $960 Debit Cash for $5,760 and Credit Rent revenue for $5,760 Question 3 1 pts During its first three months of operations, Cari's Bakery, Inc. purchased supplies such as plates, napkins bars and cutlery for $7.200 and recorded this as supplies inventory Supplies un hard at the end of the first quarter, amount to 31480 To prepare financial statement for the first quarter, the company must record which of the following accounting adjustments? Rince Supplies by $4,40ndere Spiristory by $4,40 Ci increase Supplies inventory by $4,480 and decrease Supplies experta by $4.400 Al increase Supplies cxpense by $2720 and decresce Supple Inventory by $2 720 Deres Supplies inventory by $2,720 and decrease Supplies per try39,720 I Question 4 1 pts In its car and hinancial statements, Pilar Inc. reported the following in millions Year 1 Sales $38.537 $47011 Cost of poods sold $20.30 $33516 As a percentage of sales, did Pillar's gross profit increase or decrease during the year? O Gross prot increased from 714 to 75.0% Groes proht increased from 250 to 28.8% O Gross profil din 28.6% 1.26.5.0% O Grocs brot decreased from 75.0X to 71,4%