equipment……………………………………………
1,340,000
Prepaid
insurance………………………………………………………..
2,000
Question 13
Using the following balance sheet and income statement data, what is
the debt to assets ratio?
Current assets
$ 14,000
Net
income
$ 21,000
Current liabilities
8,000
Stockholders‘
equity
39,000
Average assets
80,000
Total
liabilities
21,000
Total assets
60,000
Average common shares outstanding was 10,000.
Question 14
Which of the following is not considered a measure of liquidity?
Question 15
Free cash flow provides an indication of a company‘s ability to
Question 16
If Morris Corporation has a negative $131 million free cash flow,
which of the following statements is most likely true?
Question 17
Accounting information should be neutral in order to enhance
Question 18
The principle that indicates that assets should be reported at the price
received to sell an asset is the
Question 19