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The following partial balance sheet is provided for Core Company at December 31st: Liabilities and Stockholder's Equity Accounts payable Salaries payable Notes payable (due in
The following partial balance sheet is provided for Core Company at December 31st: Liabilities and Stockholder's Equity Accounts payable Salaries payable Notes payable (due in 2024) Common stock, no par Retained earnings Total liabilities and stockholder's equity $3,300 5,975 9,525 19,400 16,800 $55,000 What is the company's debt to assets ratio (rounded to nearest percent)? 34% 17% 52% 79% Brach Company's merchandise inventories and other selected amounts for the current year follow: Sales $4,000,000 Cost of Goods Sold $3,250,000 Merchandise Inventory: Beginning of Year $600,000 End of Year $700,000 How many times did the merchandise inventory turnover during the current year? O O 5 4 5.42 4.64 The Greenway Company reported the following income for the current year: Sales Cost of goods sold Gross margin Selling and administrative expense $35,000 9,000 $26,000 10,000 Miscellaneous expense 2.500 Operating income Interest expense $13,500 4.000 $9,500 Net income What is the company's net margin? 39% 0 74% 19% 27% The following balance sheet is provided for Sugar Plum Company on December 31st of the current year: Assets Cash Accounts receivable Inventory Plant and equipment, net of depreciation Land $3,850 5,150 10,150 19,500 11.600 $50,250 Total assets Liabilities and Stockholder's Equity Accounts payable Salaries payable Bonds payable (due in 2024) Common stock, no par Retained earnings Total liabilities and stockholder's equity $2,310 9,040 8,400 15,800 14.700 $50,250 What is the company's debt to equity ratio rounded to the nearest percentage? 70% 130% 28% O 65%
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