W.YORKVILLEUCA 15. Freight Out is considered in calculating COGS a. True b. False 16. Which of these assets are not depreciated a. Computers b. Production Machines C. Cars d. Land 17. Bond corporation had a current ratio of 1.2, and the current assets and current liabilities were $150,000 and $125,000, respectively. This working capital position means that a. current assets at book value are 1.2 times current liabilities at book value b. the company has a negative working capital c. the market value of the current assets exceeds the market value of the current liabilities by a factor of 1.2 d. none of the above 11. Accessibility Investigate