Reference no: EM132979305
Questions -
Q1) Entity A's assets consist of 60,000 accounts receivable, 50,000 cash, and 20,000 inventory. The liabilities are 20,000 notes payable and 10,000 accounts payable. What is Entity A's debt ratio?
A) 0.60
B) 0.23
C) 0.27
D) 0.33
Q2) Entity A has 80,000 credit sales, 50,000 beginning accounts receivable, and 73,000 ending accounts receivable. What is Entity A's account receivable turnover?
A) 1.30
B) 0.65
C) 1.6
D) 1.1
Q3) Entity A has 60,000 accounts receivable, 50,000 cash, 20,000 allowance for bad debts, and 40,000 current liabilities. What is Entity A's quick ratio?
A) 1.5
B) 3.25
C) 2.75
D) 2.25
Q4) Entity A has 40,000 inventories, 70,000 cash, 40,000 machineries, and 40,000 current liabilities. How much is Entity's A current ratio?
A) 3.75
B) 1.00
C) 2.75
D) 1.75
Q5) Entity A has 35,000 ending inventory, 76,000 beginning inventory, and 95,000 cost of goods sold. What is Entity A's average sale period (days of inventory)?
A) 117.34
B) 211.71
C) 220.86
D) 213.45
Q6) Entity A has 100,000 credit sales, 67,000 beginning accounts receivable, and 89,000 ending accounts receivable. What is Entity A's average collection period?
A) 325
B) 285
C) 252
D) 276
Q7) Entity A's liabilities consist of 10,000 accounts payable and 25,000 notes payable. Entity A has total equity of 75,000. What is Entity A's debt-to-equity ratio?
A) 0.13
B) 0.47
C) 1.50
D) 0.33
Q8) Entity A has 10,000 ending inventory, 20,000 beginning inventory, and 20,000 cost of goods sold. What is Entity A's inventory turnover?
A) 0.66
B) 1.00
C) 2.00
D) 1.33
Q9) Entity A has 10,000 inventories, 50,000 cash, 20,000 machineries, and 10,000 current liabilities. How much is Entity's A working capital?
A) 40,000
B) 50,000
C) 70,000
D) 80,000
Q10) Entity A's assets consist of 20,000 accounts receivable, 40,000 cash, and 10,000 inventory. Entity A has total equity of 20,000. What is Entity A's equity ratio?
A) 1.00
B) 0.29
C) 0.50
D) 0.33