QUESTION 1 $5,000 12,000 ABC Company. reported the following balance sheet: Cash $28,000 Accounts payable Accounts receivable 15,000 Notes Payable Inventory 45,000 Accruals Net Fixed Assets 122.000 Long-Terms Debt Common Stock Retained Earnings Total assets $210,000 Total Lab. & Equity 17,000 45,000 10,000 121,000 $210,000 ABC's current ratio is O A 2.59. B.5.18 OC. 17.6 D. 3.59 Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Air OB.5.18 O C. 17.6 OD.3.59 QUESTION 2 Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000. Rogue's gross profit is equal to O A. $770,000 OB. $1,070,000 OC. $1,100,000 OD. $1,500,000 QUESTION 3 Table 1 information Cash Balance at Beginning of Year $80,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers MacBook Air Question Completion Status: QUESTION 3 Table 1 information Cash Balance at Beginning of Year $80,000 Activity During the Year Increase in Accounts Payable Decrease in Accounts Receivable Depreciation Expense Net Income Purchase of Fixed Assets Sales of Common Stock Decrease in Notes Payable Dividends Paid $60,000 $40,000 $500,000 $2,000,000 $800,000 $100,000 $85,000 $15,000 Based on the Table 1 information, all of the following items are sources of funds except A. Increase in Accounts Payable B. Purchase of fixed assets C. Depreciation expense D. Sales of common stock Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Air F2 000 000 F4 55