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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 19.8%, what is Acme’s equity multiplier? Round to two decimal points.

Acme Company makes all sales on account. During the current year, Acme reports a gross margin percentage of 52%, an average accounts receivable balance of $40,000, an average inventory balance of $96,000, cost of goods sold of $288,000, and net income of $76,000. What is Acme’s average collection period? Round to one decimal place.

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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