uestion 49 (2 points) The times interest earned ratio measures a company's ability to 1) Maintain profit after paying interest 2) Pay interest and debt on the due date. 3) Make interest payment out of current earnings 4) Pay interest and debt from current assets already on hand. Question 43 (2 points) The following financial statement items are shown for J&T Manufacturing $840,000 S360,000 $28,000 $120,000 $56,000 Net Sales Cost of Goods Sold Insurance Expense Total Operating Expenses Net Income Calculate the common-size percentage for Gross Margin. 1) 0.8% 2) 11.6% 3) 42.8% 4) 57.1% Question 26 (2 points) The 2012, 2013, and 2014 partial balance sheets for Ottoman Manufacturing Company appear below. 2013 2014 520,000 $ 16,000 $ 14,000 20,000 24,000 22,000 30,000 28,000 66,000 66,000 60,000 40,000 132000 126.000 05.000 Cash 28,000 net Inventory Total Current Assets Plant & Equipment, net Total Assets 70,000 62,000 What is the average collection period for 2014? 1) 68.6 days 2) 70.5 days 3) 74.9 days 4) 76.8 days 4) Gross profit Question 20 (2 points) Nonfinancial measures can be Quantitative Qualita tive Yes Yes No Yes No Yes No b. d. 1) 2) b 3 4) d