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1. The ration that indicates how many dollars of current assets exist for every current dollar in current liabilities is
Gross margin
ROA
Current
ROE
2. Which of the following is an operating performance ratio?
Debt-to-equity
Current ratio
None of the above
3. If net sales are 120 and average total assets are 100 than the asset turnover ratio is
80
1.2
1.0
1.1
4. Decreases in liability accounts are on which side of the T account
Left
Right
Neither a or b
Asset accounts typically have a
Left hand side balance
Right hand side balance
5. Rockport LLC has PP and E (net0 of 250 on 12/31/15 and 190 on 12/31/14. Depreciation for 2015 is 200. Acquisitions net of disposition for 2015 is
250
260
270
280
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calculate the amount arising from the following three aternative for establishing a fund to be available for daughters estimated college expenese
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