Quicksilver Co. has cash of $38,000; net Accounts Receivable of $41,000; short-term investments of $13,000 and inventory of $33,000. It also has $23,000 in current liabilities and $55,000 in long -term liabilities. The current ratio for Quicksilver is: OA. 2.54. B. 4.00. O C. 2.39 O D. 5.43 A company purchased a computer system on March 1. Its cost was $40,000 and it had an estimated salvage value of $6,000. It was expected to have a useful life of 5 years. To the nearest dollar, the depreciation for year 2 using straight-line depreciation will be: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) o OA. $8,000. O B. $6,800. O C. $5,100. O D. $5,644. A building was purchased on August 1 for $450,000. it has a salvage value of $40,000 and a useful life of cent and your final answer to the nearest dollar.) OA. $4,881 O C. $5,357 35 years. To the nearest dollar, how much will the depreciation expense for the building be for the first year o ended December 31, using the straight-line method? (Round any intermediary calculations to the nearest a O B. $12.87 O D. $11,714 The following is selected data for Inland Industries: 2016 2015 $1,158,000 $1,300,000 118,000 110,000 168,000 151,000 648,000 641,000 o Sales Net Income Total Current Assets Property, Plant and Equipment The return on assets for 2016 was: (Round any intermediary calculations to four decimal places and your final answer to two decimal places.) OA. OB. OC. 18.41%. 28.92%. 14.68%. 18.21%. D