1. Use the following information to answer Questions 8 - 23.

   	Year 2019	Year 2020		Year 2019	Year 2020
   Cash	140	210	Accounts payable	320	280
   Accounts receivable	340	380	Notes payable	400	300
   Inventory	550	590	Long-term debt	1,100	1,400
   Net fixed assets	3,600	3,500	Common stock	1,200	980
   			Retained earnings	1,610	1,720
   Total assets	4,630	4,680	Total liab & Total equity	4,630	4,680

   Year 2020

   Sales	6,230
   Cost of goods sold	4,720
   Depreciation	440
   Interest	75
   Taxes	350
   Net income	645
   Number of shares outstanding	100

   What are the current ratio and the quick ratio in 2020?

   	a.	2.03; 4.06
   	b.	2.03; 1.02
   	c.	41.31%; 31.21%
   	d.	1.73; 0.85
   	e.	1.73; 2.64

0.5 points

QUESTION 9

1. What is the total debt ratio in 2020?

   	a.	12.57
   	b.	2.83
   	c.	42.31%
   	d.	1.92
   	e.	3.13

0.5 points

QUESTION 10

1. What is the equity multiplier in 2020?

   	a.	24.13%
   	b.	10.70
   	c.	2.93
   	d.	1.73
   	e.	1.09

0.5 points

QUESTION 11

1. What is the times-interest-earned ratio in 2020?

   	a.	7.73
   	b.	2.31%
   	c.	3.02
   	d.	9.03
   	e.	14.27

0.5 points

QUESTION 12

1. What is the cash coverage ratio in 2020?

   	a.	20.13
   	b.	26
   	c.	14.27%
   	d.	14.27
   	e.	20.13%

0.5 points

QUESTION 13

1. What is the days' sales in inventory in 2020?

   	a.	19.92 days
   	b.	34.74 days
   	c.	45.63 days
   	d.	21.65 days
   	e.	59.02 days

0.5 points

QUESTION 14

1. What is the days' sales in receivables in 2020?

   	a.	22.27 days
   	b.	34.74 days
   	c.	27.65 days
   	d.	59.02 days
   	e.	42.53 days

0.5 points

QUESTION 15

1. What is the days' sales in payables in 2020?

   	a.	34.74 days
   	b.	21.65 days
   	c.	42.53 days
   	d.	19.92 days
   	e.	59.02 days

0.5 points