xam 10 Saved 6 Which of the following statements is/are correct? I: The balance sheet provides the market value of the assets, liabilities, and equity. II: As a financial manager, the book value is more important when making decisions. ill: On the balance sheet, assets are listed in order of decreasing liquidity. IV: Income statements contain non-cash items like depreciation. 01:48:14 Multiple Choice Ill and IV 1, ill and IV All of the above lll and IV A fim 2017 financial statements include the following balances Cost of Goods Sold $3.200,000, Revenue $5,500,000, Operating Expenses $1400,000, Depreciation Expense $300,000, Interest Expense $150,000. The firm hasued $750,000 in new common stock and paid $125,000 in dividends in 2017. The firm's tax rate is 27% What is the total Shareholders Equity account balance in 2017? Muriel Choice $750,000 5355 500 O $900,00 Arms Cash balance is $6,300,000, Accounts Receivable balance is $6.700.000, inventory balance is $5.000.000 and Fixed Assets balance $21,000,000. The firm's Current Portion of Long Term Debt balance is $3,900,000, Accounts Payable balance is $1700,000 Long Term Bonde balance is $29,000,000 and Retained Enrings balance is $4,400,000 What is the firm's Long Term Debt Ratio? M Choke 0 o 0.00 0.14