Thompson Laser Company had cash of 160,000 . accounts receivable of 136,000 . and current ...

Thompson Laser Company had cash of 160,000 . accounts receivable of 136,000 . and current liabilities of 104,000 . Compute the acid test ratio.

Q. 2

Mary Wallis receives a salary of 2,750, and a 1.5 commission on all of her sales in a month. In March, she sold 325,00 . worth of merchandise. Determine Mary's total pay for March.

Q. 3

Thompson Laser Company had current assets of 402,090 and current liabilities of 104,000 . Compute the working capital ratio. (Round answer to two decimal places.)

Q. 4

A medical representative earns a salary of 840 per week and a 7 commission on all sales. Determine the medical representative's total pay if his sales for the week total 27,200.

Q. 5

The Bakers Candy Company had net income of 50,00 . and owners' equity of 420,500 . Compute the rate of return on investment. Express your answer as a percentage. (Round answer to two decimal places.)

Q. 6

An employee earns a salary of 750 per week and a 4 commission on all sales. Determine the employee's total pay if her sales for the week total 18,100.

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Thompson Laser Company had cash of 160,000 . accounts receivable of 136,000 . and current ...

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