The 2019 balance sheet of Dinoco Petroleum Co. shows total assets of $5,278 million, operating assets of $4,576 million, operating liabilities of $2,567 million, and shareholders' equity of $2,694 million.

Dinoco's net operating assets are:

Question 4 options:

A)

$3,244 million

Selected ratios follow for Errata Publishing Company for the year ended December 31, 2019.What is Errata's asset turnover (AT) for the year?Financial Leverage is defined as average total assets divided by average stockholders' equity.Profit Margin is defined as net income divided by sales.

Financial

Leverage

(FL)

Return on Net

Operating Assets

(RNOA)

Profit

Margin

(PM)

Return on

Equity

(ROE)

Net Operating

Profit Margin

(NOPM)

1.7234.1%10.6%26.8%9.3%

Question 7 options:

A)

0.63

B)

0.96

C)

1.47

D)

1.88

B)

$9,898 million

C)

$2,009 million

D)

$5,567 million

Selected income statement data follow for Dire Straits Cruises, for the year ended December 31, 2019 (in thousands).

Income before provision for income taxes

Interest expense

Statutory

tax rate

Provision for income taxes

Net income

$1,023,911

$29,670

37%

$331,747

$692,164

Selected balance sheet data follow for the Fleecem Company for the year ended December 31, 2019 (in millions).

Total operating liabilities

Total nonoperating liabilities

Total current liabilities

Total

liabilities

Total liabilities and

shareholders' equity

$6,307

$5,479

$4,817

$11,786

$16,511

What is Fleecem's liabilities-to-equity ratio?

Question 6 options:

A)

2.49

B)

3.23

C)

1.40

D)

0.71

Dire Straits

What is Dire Straits' times interest earned ratio?

Question 5 options:

A)

34.5

B)

17.8

C)

35.5

D)

24.3