The gross profit margin ratio for Jones Corporation for 2018 is O 51.8% O 35% 482 O 55.3% QUESTION 27 The total assets of ABC Company are $200,000 at the end of FY 2017 and 5220,000 at the end of FY 2018 The net income for 2018 is $11,000. The Return on Assets for 2018 is. o Sox o 52% 10.4% O 5.5% QUESTION 28 The Planning Budgeting and Forecasting Process is composed of which of the following three processes?? Strategic Planning Financial Planning Disaster Planning Strategic Planning Financial Planning Operational Planning O Contingency Planning Financial Planning Operational Planning Contingency Planning Financial Planning Disaster Planning QUESTIONS se the following items taken from the financial statements of the Postal Service for the year ending December 31, 2018 to answer questions - 11: $ Accounts payable Accounts receivable Accumulated depreciation equipment Advertising expense Cash Owner's capital (1/1/12) Owner's drawings Depreciation expense Insurance expense Note payable, due 6/30/13 Prepaid insurance (6-month policy) Rent expense Salaries and wages expense Service revenue Supplies Supplies expense Equipment (Long-term) 9,000 11,000 28,000 21,000 11,000 105,000 14,000 12,000 3,000 5,000 0,000 17,000 32,000 125,000 4,000 0,000 210,000 What are total current liabilities of the Postal Service at December 31, 2018? 2 $14.000 $32.000 $18.000 $105.000 Use the following financial statement information available for Jones Corporation to answer questions 24 - 26 _2017 Net sales $784,000 5697,000 Cost of goods sold 406,000 377,000 Net income 112,000 80,000 Tax expense 48,000 29,000 Interest expense 14,000 14,000 The net profit margin ratio for Jones Corporation for 2018 is! O 14.3% O 16.1% 48.2% O 11.7% QUESTION 25 The net profit margin ratio for Jones Corporation for 2017 is 4.2% 11.4% 43.0% 42.6%