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The most rigorous test of a firm's ability to pay its short-term obligations is its Select one: O A. current ratio. O B. quick ratio.

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The most rigorous test of a firm's ability to pay its short-term obligations is its Select one: O A. current ratio. O B. quick ratio. O C. debt-to-assets ratio. O D. times-interest-earned ratio. The following information relates to Superb Performances, Inc. Assume that all sales are on credit and a 360-day year. Answers should be rounded to the nearest dollar Debt-to-Assets = 60% Total Asset Turnover = 6 Fixed Asset Turnover = 8 Total Assets = $325,000 Net Income = $28,000 What are the total liabities for Superb Performances, Inc.? Select one: O A. $160,000 O B. $100,000 O C. $195,000 O D. None of these answers are correct The following information relates to Superb Performances, Inc. Assume that all sales are on credit and a 360-day year. Answers should be rounded to the nearest dollar. Debt-to-Assets = 60% Total Asset Turnover = 6 Fixed Asset Turnover = 8 Total Assets = $325,000 Net Income = $28,000 What is the return on equity for Superb Performances, Inc.? Select one: O A 25.63% OB. 21.54% O C. 19.24% O D. None of these answers are correct A firm has a debt to equity ratio of 50%, debt of $300,000, and net income of $180,000. The return on equity is: Select one: O A 60% O B. 15% O C. 30% D. There is not enough information provided to be able to answer this

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