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Show below are disken from a recent au Collar amount in millions) TIL. Calculate and fill in the blanks (20 pows, 2 Based upon the
Show below are disken from a recent au Collar amount in millions) TIL. Calculate and fill in the blanks (20 pows, 2 Based upon the above information, indicate the best answer in the space provided and write down the calculation formula on the following line, point each) FB Beginning of Year Endelea 51,034 51.546 5379 5546 $1,000 SM Balance sheet dat Current assets Total assets Current liabilities Total abilities Total stockholders' equity. Income statement data Net sales Gross profit Operating income Net income 51.21 12.199 5574 5421 The current ratio at year-end (rounded to the nearest tenth) is: c 3.5 to 1. d Some other answer 2.3 to 1. 6 to 1. b The amount of working capital at the beginning of the year (in millions) 2 was: $785 b $1,193 e d $479. Some other answer. 3 The gross profit rate for the year (rounded to the nearest I percent) was: c 54% d Some other answer. 46% 69% b 4 The return on average total assets during the year (rounded to the nearest percent) was: 24%. 79% b 34%. Some other answer. d 5 The return on average total stockholders' equity during the year (rounded to the nearest 1 percent) was: 50%. 38% 41%. d Some other answer. (36# 871)
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