United Company's year-end balance sheet reported the following (in millions)

 

Total Assets	$100,228
Total Liabilities	78,713
Contributed Capital	8,933

 

What was United Company's total liabilities and stockholders' equity at December 31?

A)  $ 87,646 million

B)  $ 91,295 million

C)  $ 100,228 million

            D)    $21,515 million

8.  In its 2016 annual report, Kehl's Corporation reported the following (in millions):

 

Total assets	$20,362
Total shareholders' equity	$   7,766
Total liabilities	$12,596

 

What proportion of Kehl's Corporation is financed by nonowners?

A)  44.8%

B)  38.1%

C)  61.9%

D)  61.7%

            E) None of these are correct.

 

The Tread Company's December 31 financial statements reported the following (in millions)

 

Sales	$22,737
Cost of sales	$16,458
Other expenses (excluding cost of sales)	$ 4,353

 

What did Tread Company report for net income for the year ending December 31?

A)  $  6,279 million

B)  $12,105 million

C)  $10,632 million

D)  $  1,926 million

E)  $43,548 million

 

3. The year-end balance sheet of Star Inc. shows total assets of $6,617 million, operating assets of $5,253 million, operating liabilities of $2,822 million, and shareholders' equity of $2,950 million.

 

      The company's year-end net operating assets are:

A)   $9,39million 

B)   $5,253 million 

C)   $2,431 million 

D)   $8,075 million 

E)   None of these are correct.

 

4. The year-end balance sheet of Fine Foods Inc. reports operating assets of $4,391 million, operating liabilities of $1,653 million, and total liabilities of $2,494 million.

 

      Fine Food's average net operating assets are:   

A)   $1,897million

B)   $4,391 million

C)   $6,044 million

D)   $2,738 million

E)   There is not enough information to calculate the amount.

 

7. The year-end financial statements of Time Company reveal average shareholders' equity attributable to controlling interest of $845,656 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the company of $29,068 thousand, and average net operating assets of $357,958 thousand.

 

      The company's return on net operating assets (RNOA) for the year is:

A)     8.1%

B)     5.3%

C)   13.4%

D)   42.3%

E)   There is not enough information to calculate the ratio.

 

13. The year-end balance sheet of Macur Corp. reports total assets of $154,955million, operating liabilities of $54,408 million, and total shareholders' equity of $57,598 million.

 

      Macur's nonoperating liabilities are:   

A)   $112,006 million

B)   $ 42,949 million

C)   $ 54,498 million

D)   $ 97,357 million

            E)  There is not enough information to calculate the amount.