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Brock Company’s financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and equipment 215,000 Total assets $310,000     Liabilities and Stockholders’ Equity Current liabilities $60,000 Long-term liabilities 95,000 Common stock, $10 par 60,000 Retained earnings 95,000 Total liabilities and stockholders’ equity $310,000     Income Statement Sales $90,000 Cost of goods sold 45,000 Gross margin $45,000 Operating expenses 20,000 Net income $25,000     Number of shares of common stock 6,000 Market price of common stock $20 What is the current ratio? Round your answer to two decimal places.

Richards Corporation had net income of $278,114 and paid dividends to common stockholders of $42,700. It had 57,700 shares of common stock outstanding during the entire year. Richards Corporation’s common stock is selling for $63 per share. The price-earnings ratio is

Based on the following data for the current year, what is the number of days’ sales in inventory? Assume 365-day year. Sales on account during year $541,138 Cost of goods sold during year 159,608 Accounts receivable, beginning of year 43,792 Accounts receivable, end of year 47,825 Inventory, beginning of year 39,653 Inventory, end of year 42,124 Do not round interim calculations. Round your final answer up to the nearest whole day.

In a common-sized balance sheet, 100% is

Based on the following data for the current year, what is the inventory turnover? Sales on account during year $541,138 Cost of goods sold during year 159,608 Accounts receivable, beginning of year 43,792 Accounts receivable, end of year 47,825 Inventory, beginning of year 39,653 Inventory, end of year 42,124 Do not round interim calculations. Round your final answer to one decimal place.

Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year?

Based on the following data for the current year, what is the number of days’ sales in receivables? Sales on account during year $584,000 Cost of goods sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000

The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company   Year 2 Year 1 Total current assets $616,669 $579,794 Total investments 63,792 46,986 Total property, plant, and equipment 909,794 614,515 Total current liabilities 108,711 85,130 Total long-term liabilities 323,415 240,699 Preferred 9% stock, $100 par 95,913 95,913 Common stock, $10 par 595,194 595,194 Paid-in capital in excess of par-common stock 63,384 63,384 Retained earnings 403,638 160,975 Using the balance sheets for Kellman Company, if net income is $114,130 and interest expense is $34,650 for Year 2, what is the return on total assets for the year (round percent to two decimal points)?

Which of the following graphs in Figure 1 illustrates the behavior of a total variable cost?

Which of the following would not be classified as an operating activity?