Homework Answers
1. C. 54.39 %
155/ 285 * 100 = 54.39 %
2. D. 8.33 % decrease.
( 55 - 60 ) / 60 * 100 = - 8.33 %
3. A. 1.6 times.
Inventory turnover = Cost of Goods Sold / Average Inventory = 80 / 50 = 1.6 times
4. B. $ 5
Earnings per share = $ 45 / 9 = $ 5 per share
5. B. 2.80
Current ratio = Current Assets / Current Liabilities = ( Cash + Accounts Receivables + Inventory ) / Accounts Payable = $ 140 / $ 50 = 2.80
6. B. False.
7. B. False.
8. A. True.
9. A. True.
10. A. True.
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Cash 155-15 Chapter 14 Quiz Version B 2018 2017 30 - 5 Accounts Receivable, Net 60...
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