Question 10 Not yet answered Marked out of 9.00 Flag question Timberlake Company has total assets, liabilities, and shareholders' equity of $28,000, $15,000, and $21,000, respectively, at the beginning of 2010. At the end of 2010, total assets, liabilities, and shareholders' equity were reported at $24,000, $13,000, and $19,000, respectively. What is Timberlake's debt to equity ratio? Select one: O a. 0.71 O b. 1.13 O c. 1.17 O d. 0.70 Question 11 Not yet answered Marked out of 9:00 p Flag question Which one of the following is not an asset? Select one: a. Notes receivable. O b. A company's trademarked name for a process. c. A company's equity in the common stock of another company. O d. Retained earnings. Question 12 Answer saved Marked out of 9.00 p Flag question A company that reports high levels of common equity leverage is probably Select one: a. reporting higher earnings per share than other companies in the same industry. O b. meeting its financing needs effectively. c. demonstrating it has a large amount of off-balance-sheet financing. O d. using leverage very effectively. Question 13 Not yet answered Marked out of 9.00 p Flag question As used in accounting, "notes" may be reported Select one: a, as either assets or liabilities. b. only as company debt offerings. oc. only as assets on the balance sheet. d. on the income statement or the balance sheet. Question 14 Not yet answered Marked out of 9.00 Flag question Which one of the following is violated when a company recognizes revenue upon the receipt of cash from a customer who has paid in advance for services? Select one: a. Objectivity O b. Revenue recognition criteria O c. Expense policy O d. Matching Question 15 Not yet answered Marked out of 9.00 pFlag question Which of the following ratios would be of primary importance to a creditor in deciding to extend long-term credit? Select one: O a. Current ratio O b. Return on sales c. Inventory turnover O d. Debt/equity ratio Question 16 Not yet answered Marked out of 9.00 Current assets are Flag question Select one: a. all assets except inventory. b. all assets that provide benefits extending beyond one year. C. cash, accounts receivable, and buildings. O d. all assets that are expected to be converted to cash in the near future