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
Garrison Company prepares quarterly reports , which it distributes to all stockholders and other entities that rely on its accounting information . Which of the following is the best term for the key assumption in financial reporting that Garrison is following ? Question 20