The vertical analysis statement of Nobell Inc. is as shown below:

	(In millions)		2016		Percent of Total		2015		Percent of Total
	Net Sales		$6,355		100.0%		$4,920		100.0%
	Cost of Goods Sold		3,370		53.0		2,200		44.7
	Gross Profit		$2,985		47.0		$2,720		55.3
	Operating Expenses:
	Selling Expenses		$675		10.6		$580		11.8
	Administrative expenses		$410		6.5		425		8.6
	Total Expenses		$1,085		17.1		$1,005		20.4
	Operating Income		$1,900		29.9		$1,715		34.9
	Other Revenues and (Expenses):
	Interest Revenue		0		0		0		0.0
	Interest Expense		(400)		(6.3)		(695)		(14.1)
	Total Revenues and (Expenses)		(400)		(6.3)		(695)		(14.1)
	Income Before Taxes		$1,500		23.6		$1,020		20.7
Income Tax Expense		230		3.6		210		4.3
Net Income		$1,270		20.0		$810		16.5

The figure 47.0% shown for gross profit in 2016 signifies that the ________.

gross profit is equal to 47.0% of net income

gross profit is increased by 47.0% over the previous year

gross profit is 47.0% of net sales revenue

gross profit is 47.0% of cost of goods sold

The balance sheet of Atlantis Inc. is below: Atlantis Inc. Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Total Current Assets $200,000 $100,000 Property, Plant, and Equipment, Net 550,000 500,000 Other Assets 50,000 50,000 Total Assets $800,000 $650,000 Liabilities Total Current Liabilities 150,000 100,000 Long-term Debt 350,000 250,000 Total Liabilities 500,000 350,000 Stockholders' Equity Total Stockholders' Equity 300,000 300,000 Total Liabilities and Stockholders' Equity $800,000 $650,000

Calculate the Current Ratio for both years

Which of the following answers is correct for one of the years for the current ratio?

Year 2015 1.25

Year 2016 1.33

Year 2015 .9

Year 2016 1.25

e-Shop Inc. has net sales on account of $1,200,000. The average net accounts receivable are $600,000. Calculate the days' sales in receivables.

439.8 days

304.0 days

182.5 days

8.7 days

Atlantis Inc. provides the following data:

Atlantis Inc.

Balance Sheet

Year Ended Dec 31, 2015

	2015
Assets
Current Assets:
Cash and Cash Equivalents	$29,000
Accounts Receivable, Net	31,000
Merchandise Inventory	53,000
Total Current Assets	$113,000
Property, Plant, and Equipment, Net	120,000
Total Assets	$233,000
Liabilities
Current Liabilities:
Accounts Payable	$4,000
Notes Payable	2,000
Total Current Liabilities	$6,000
Long-term Liabilities	84,000
Total Liabilities	$90,000
Stockholders' Equity
Common Stock	$30,000
Retained Earnings	113,000
Total Stockholders' Equity	$143,000
Total Liabilities and Stockholders' Equity	$233,000

Calculate the debt to equity ratio.

0.60

0.92

1.33

0.63