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Please refer to Table 4 - 3 for the following questions, Table 4-3 Emery Corporation Balance Sheet Income Statement Assets Cash $250,000 Accounts receivable 450,000

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Please refer to Table 4 - 3 for the following questions, Table 4-3 Emery Corporation Balance Sheet Income Statement Assets Cash $250,000 Accounts receivable 450,000 Inventory 500,000 Net fixed assets 2,100,000 Total assets $3,300,000 Sales (credit) Cost of goods sold Operating expense Interest expense Income taxes Net income $8,000,000 (4,000,000) 2.900,000) (150,000) (380,000) $570,000 OA 2.18 and 139 OB 237 and 127 OC. 2.18 and 127 OD. 237 and 1.39 Click to select your answer Type here to search O 6 2x FA EE 2. % 2 5 4 3 6 7 Q W E R T caps lock . s D G H Inventory 500,000 Operating expense (2,900,000) Net fixed assets 2,100,000 Interest expense (150,000) Total assets $3,300,000 Income taxes (380,000) Net income $570,000 Liabilities and owners' equity Accounts payable $100,000 Notes payable 450,000 Long-term debt 1,050,000 Owners' Equity 1,700,000 Total liabilities and owner's equity $3,300,000 Based on the information in Table 4-3, the current and acid - test ratios are, respectively, OA 2.18 and 1.39 B. 2.37 and 127 OC. 2.18 and 127 OD 2.37 and 1.30 Chok to select your answer Type here to search E w ESC go B FA PS A NO # 3 4 5 6 tab Q W E R T caps lock S F G H N V B

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