Question
Use the following to answer questions 13-15: Pioneer Industries gathered the following year-end data (in thousands) for 2012 and 2011: 2012 2011 Current Assets $345
Use the following to answer questions 13-15:
Pioneer Industries gathered the following year-end data (in thousands) for 2012 and 2011:
2012 2011
Current Assets $345 $365
Long-Term Assets 790 720
Current Liabilities 280 310
Long-Term Liabilities 410 440
Owners' Equity 445 335
Net Sales 830 790
Cost of Goods Sold 455 435
Gross Margin 375 355
Net Income 120 105
The current ratio at the end of 2012 was:
1.23
1.18
0.97
0.81
Question 14. The gross margin percentage for 2012 was:
32.0%
45.2%
62.9%
84.3%
Question 15. The debt to equity ratio for 2012 was:
1.55
1.0
0.92
0.63
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