QUESTION 29 The balance sheet of Purdy's BBQ reports total assets of $800,000 and $900,000 at the beginning and end of the year, respectively. Net income and sales for the year are $85,000 and $1,700,000, respectively. What is Purdy's asset turnover? 0.5 times 10.0 times 20.0 times. 2.0 times. QUESTION 30 1.75 Discount Travel has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and other current assets, $18 million. Discount Travel also has the following liabilities: accounts payable, $98 million; current portion of long-term debt, $35 million; and long-term debt, $23 million. Based on these amounts, what is the current ratio? 2.54 4.04. 2.98 2.84 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers QUESTION 31 1.75 poir Discount Travel has the following current assets: cash, $102 million; receivables, 594 million; inventory, $182 million; and other current assets, $18 million. Discount Travel also has the following liabilities: accounts payable, $98 million; current portion of long-term debt, $35 million; and long-term debt, $23 million. Based on these amounts, what is the acid-test ratio? 2.00 3.86. 2.84: 1.47. QUESTION 32 1.75 points Rock Adventures has 15 employees each working 40 hours per week and earning $30 an hour, Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% and unemployment taxes are 3.8% of the first $7,000 earned per employee. What is the actual payroll payment (salaries payable) for the first week of January? $12,843 $5,157. $18,000. $13,923 1.75 points Save QUESTION 33 Rock Adventures has 15 employees each working 40 hours per week and earning $30 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% and unemployment taxes are 3.8% of the first $7,000 earned per employee. What is the employer's total payroll tax expense for the first week of January? $2,061 $3,141. $1,377 $684 1.75 points Save Ans QUESTION 34 If a 6% sales tax is recorded together with sales revenue in the sales account and the balance at the end of the month is $5,300, how much sales tax is payable? 5318 $300 5600 $280 Save Al Answers Save and submit Click Save and submit to save and submit. Click Save All Ansters to see all answers