Cash……………………………………………………………………….
50,000
Intangible assets…………………………………………………………
100,000
Inventory………………………………………………………………….
138,000
Long-term investments………………………………………………….
160,000
Long-term liabilities………………………………………………………
200,000
Short-term investments………………………………………………….
80,000
Notes payable…………………………………………………………….
56,000
Property, plant, and 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