ACC 556 STR help A Guide to career/uophelp.com ACC 556 STR help A Guide to career/uophelp.com | Page 7

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?