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During the current year, Acme Company has average total assets of $500,000, total asset turnover of 1.10, and a net profit margin percentage of 12.0%. Acme’s interest expense equals 5.0% of its total liabilities and its income tax rate is 21.0%. For purposes of computing its operating income (or EBIT), Acme’s contribution margin ratio is 25%. If Acme’s return on equity is 26.4%, what is Acme’s equity multiplier? Round to two decimal points. 

During the current year, Acme Company recognized $29,300 of depreciation expense, acquired $126,500 of new equipment, and sold old equipment at a gain of $3,400. In addition, the balance of the Property, Plant and Equipment account increased by $4,700 and the balance of the Accumulated Depreciation account increased by $3,800. How much cash did Acme receive from the sale of the old equipment?

To convert EBITDA to net cash provided by operating activities, adjustments must be made for which of the following items?

Which of the following patient’s is a highest risk of developing hypoglycemia?

True (A) or False (B): Technical debt is the term used to give a dollar amount for the cost of adding unplanned features to a system?

True (A) or False (B): Authentication is the term used to describe what a user can do, and has access to, after they login to a system.

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The next two questions are based upon the situation described below Bob is planning on buying a new flat screen television for his family. He consults a number of sources including online reviews, manufacturer websites, and retailer websites. Bob knows that he wants a screen size of 65 inches or more and limits his consideration set to his preferred brands that have this feature. Bob visits the store with 5-6 brands in mind and looks at a number of TVs, comparing them on color quality, picture brightness, manufacturer warranty, brand, picture movement rate, and price. Bob makes notes of the features of each member of his consideration set and then goes home and assesses how each TV rates on each feature.  After this exercise, Bob narrows his choices down to 4 finalists (a Samsung 70 inch, a Samsung 65 inch , an LG 75 inch, and a Sony 65 inch) in priority order. After one last trip to the store to confirm his decision, Bob chooses to purchase the Samsung 70 inch TV.