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The Wendell Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. Net sales
The Wendell Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. Net sales revenue (all credit) Cost of goods sold Gross profit Interest expense Net Income Selling/general expenses End of prior End of current year year $1,520,000 $1,025,000 $495,000 $280,000 $42,000 $173,000 Current assets $113,000 $82,000 Long-term assets $512,000 $440,000 OA. 32.34 times OB. 0.03 times OC. 3.68 times OD. 21.81 times
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