Question 4 of 6 0/15 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Bonita Incorporated had the following transactions involving current assets and current liabilities during February 2022 Feb. 3 7 11 Collected accounts receivable of $14,300. Purchased equipment for $27.500 cash Paid $2.400 for a 1-year insurance policy. Paid accounts payable of $12,200 Declared cash dividends of $4,900 14 18 Additional information: As of February 1, 2022, current assets were $132,300 and current liabilities were $49.000 Compute the current ratio as of the beginning of the month and after each transaction, (Round answers to 2 decimal places eg. 1.67) Current ratio MacBook Pro NWP Assessment Player Ul Application Assignment #2: Chapter 18 Question 4 of 6 0/15 E Additional information: As of February 1, 2022. current assets were $132,300 and current liabilities were $49.000. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, e-3.1.67.) Current ratio February 1 50100 1 February 3 50400 :1 February 7 50400 :1 February 11 50400 :1 February 14 38000 1 February 18 43800 1 e Textbook and Media Attempts: 2 of 3 used Repeat with New Values MacBook Pro Question 5 of 6 - /20 View Policies Current Attempt in Progress Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). 2022 2021 $5,400.0 $4,900.0 3.294,0 3,4920 70.2 138.0 Net sales Cost of goods sold Net income Accounts receivable (net) Inventory Total assets Total common stockholders' equity 87.0 112.0 1,181,0 1.349,0 3,000.0 3,750,0 913.0 1,084.0 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, eg. 1.67. Round all other answers to 1 decimal place. es. 1.6 or 1.6%) (a) Proht margin % (b) Asset turnover times (c) Return on assets MacBook Pro 2 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, e.g. 1.67. Round all other answers to 1 decimal place, e.g. 1.6 or 1.6%.) (a) Profit margin 96 (b) Asset turnover times (c) Return on assets % (d) Return on common stockholders' equity % (e) Gross profit rate % eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 15% score reduction after attempt 2 MacBook Pro