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Use the following information for the next 3 questions. Acme Building Products Inc. Income statement ($ in millions) Revenue Costs of goods sold Depreciation Earnings
Use the following information for the next 3 questions. Acme Building Products Inc. Income statement ($ in millions) Revenue Costs of goods sold Depreciation Earnings before interest and Taxes Interest expense Taxable income Taxes (35%) Net income 2021 $ 237,844 177,103 17,280 43,461 31,170 12.291 4,302 7,989 Acme Building Products Inc. Balance sheet 2020 (S in millions) 2021 2020 2021 Cash 34,832 $ 43,160 Accounts Receivable 86,673 83.134 Accounts Payable Notes Payable $ 41,553 $ 42.547 26,908 26.210 Inventory 57,051 61,857 Total 68.460 68,756 Total 178,555 188,150 Long-term debt 64,625 59,925 Net fixed assets 62.954 56.945 Common stock 52.875 52.875 $ Retained earnings $ 55.549 $ 63.539 Total assets 241,510 245,096 Total 241,510 245,096 "Par value of $1 per share What is the company's 2021 current ratio? 3.140 O 1.905 O 1.837 2.736 O 2.608 What is the company's 2021 accounts receivable turnover ratio? 0.731 O 2.861 O 2.744 O 1.926 3.845 What is the company's 2021 times interest earned ratio? O 0.394 0.256 O 2.667 1.394 O 1.949
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