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Recent financial statement data for Bethell Foods Incorporated is shown below: Current liabilities$ 180Income before interest and taxes$ 12510% Bonds, long-term360Interest expense36Total liabilities540Income before income tax expense89Stockholders’ equity Income tax expense27Common stock200Net income$ 62Retained earnings280 Total stockholders’ equity480 Total liabilities and equity$ 1,020 What is the debt to equity ratio?Note: Round your answer to two decimal places.

King Sporting Goods reports net income of $150,000, net sales of $550,000, and average assets of $1,900,000. The return on assets is:

When the indirect method is used to prepare the operating activities section of the statement of cash flows, adjustments to net income include both income statement items and balance sheet items.

The stockholders’ equity section of the balance sheet shows how each equity account changed during the year.

Which of the following is an example of horizontal analysis?

Stock splits are issued primarily to:

King Sporting Goods reports net income of $100,000, net sales of $500,000, and average assets of $1,000,000. The asset turnover is:

Which of the following income statement items is least likely to persist into future periods?

_____________ is an investing cash flow and _____________ is a financing cash flow, as reported in the statement of cash flows.

We can find most financing activities by examining changes in long-term liabilities and stockholders’ equity accounts.