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Question 8 (3 points) Selected financial data for Anoka Apples is provided below: ($ in millions) Sales Interest expense Tax expense Net income Total assets
Question 8 (3 points) Selected financial data for Anoka Apples is provided below: ($ in millions) Sales Interest expense Tax expense Net income Total assets (beginning of year) Total assets (end of year) Total liabilities (end of year) Total stockholders' equity (end of year) What is the return on assets for Anoka Apples? $ 50,000 1,000 2,000 10,000 50,000 60,000 24,000 36,000 0 a) 16% Ob) 17% OC) 18%. 0 d) 19% 0 e) None of these. Question 9 (3 points) Selected financial data for Anoka Apples is provided below: ($ in millions) Sales Interest expense Tax expense Net income Total assets (beginning of year) Total assets (end of year) Total liabilities (end of year) Total stockholders' equity (end of year) What is the times interest eamed ratio for Anoka Apples? 2,000 $ 50,000 1,000 7,000 54.000 60.000 24,000 36,000 a) 10.0 times Ob) 8.5 times. O C) 4.0 times. d) 7.0 times. $ 50,000 Question 10 (3 points) Selected financial data for Anoka Apples is provided below: ($ in millions) Sales Interest expense Tax expense Net income Total assets (beginning of year) Total assets (end of year) Total liabilities (end of year) Total stockholders' equity (end of year) What is the return on assets for Anoka Apples? 52,000 60,000 24,000 36,000 a) 13% Ob) 14% Oc) 15% d) 16% e) None of these. Question 11 (3 points) Selected financial data for Anoka Apples is provided below: ($ in millions) Sales Interest expense Tax expense Net income Total assets (beginning of year) Total assets (end of year) Total liabilities (end of year) Total stockholders' equity (end of year) What is the times interest eamed ratio for Anoka Apples? $ 50,000 4,000 3,000 9,000 54.000 10.000 36,000 a) 10.0 times. Ob) 6.0 times c) 4.0 times. d) 2.5 times
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