Some of the questions below may reference the following set of financial statements: Acme Building Products Income Statement (5 millions) $ Net Sales Cost of goods sold Depreciation Earnings before interest & taxes Interest expense Taxable income Less: Taxes 35% Net Income 2013 85,723 34,227 11,611 39,389 5,245 34,114 11,950 22,194 Acme Building Products Balance Sheet ($ millions) 2013 4,932 $ $ Cash Accounts Receivable Inventory Total 2012 1,668 $ 5,617 3,848 11,113 2013 1,897 5,327 4,947 12,171 Accounts Payable Notes Payable Total Long-term Debt 2012 4,694 2,500 7,194 9,800 4,932 11,650 Net Fixed Assets 27,489 27,107 Common Stock* Retained Earnings Total 17,500 4,128 38,622 $ 17,500 5,196 39,278 Total Assets $ 38,622 $ 39,278 $ * par value of $1 per share 11897 1) What is Acme's net working capital in 2013? a) $521 b) $3,919 -CA-CL c) $7,239 d) $15,457 e) $22,175 5,327 =39278- 4,947 he following assets is generally the most guid? 2) Which one of the following assets is generally a) Inventory b) Buildings Accounts receivable d) Equipment e) Patents 3) What is Acme's return on equity (ROA) in 2013? Asset a) 2.24 b) 1.31 c) 0.87 d) 1.00 e) 0.57 4) What is Acme's times interest eamed ratio in 2013? a) 9.82 b) 4.23 c) 16.34 d) 6.50 ODS e) 7.51 5) What is Acme's Current Ratio in 2013? a) 2.47 b) 3.00 c) 4.81 d) 1.86 e) None of the above 6) What is Acme's asset turnover ratio in 2013? a) 2.18 b) 2.21 CA/EL c) 0.88 d) 7.04 e) 3.16