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A corporation reported cash of $14,700 and total assets of $179,000 on its balance sheet. Its common-size percent for cash equals:

		14.34%.
		8.21%.
		12.18%.
		20.55%.
		6.21%.

Zhang Company reported Cost of goods sold of $844,000, beginning Inventory of $39,000 and ending Inventory of $47,200. The average Inventory amount is:

		$8200.
		$47,200.
		$86,200.
		$39,000.
		$43,100.

Q 38

Selected current year company information follows:

Net income	$	17,753
Net sales		730,855
Total liabilities, beginning-year		101,932
Total liabilities, end-of-year		121,201
Total stockholders' equity, beginning-year		216,935
Total stockholders' equity, end-of-year		148,851

1. The total asset turnover is: (Do not round intermediate calculations.)

		6.03 times.
		2.29 times.
		2.48 times.
		2.43 times.
		2.71 times.

Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 trend percentages for cost of goods sold using Year 1 as the base.

				Year 2			Year 1
Net sales				$	279,700		$	232,100
Cost of goods sold					151,200			130,290
Operating expenses					54,540			52,540
Net earnings					28,720			20,520
		54.1% for Year 2 and 56.1% for Year 1.
		116.0% for Year 2 and 100.0% for Year 1.
		120.5% for Year 2 and 100.0% for Year 1.
		66.2% for Year 2 and 64.6% for Year 1.
		36.1% for Year 2 and 40.3% for Year 1.

Q 4

The following data has been collected about Keller Company's stockholders' equity accounts:

Common stock $10 par value 30,000 shares authorized and 15,000 shares issued, 2000 shares outstanding	$150,000
Paid-in capital in excess of par value, common stock	60,000
Retained earnings	35,000
Treasury stock	25,000

Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:

		35,000.
		150,000.
		13,000.
		60,000.
		30,000.