You own a business that has assets of 279,000. If your equity is 87,000, what is the amount of your liabilities?
A) 279,000
B) 87,000
C) 192,000
D) 98,000
Q. 2Solve for the base, rounding answer to hundredths, or the nearest cent if necessary: 76 is .2 of ______.
Fill in the blank(s) with correct word
Q. 3From the following data, find the 2013 Net Income index number. (Round to nearest tenth percent) The Fun Corporation-5-Year Selected Financial Data 2015 2014 2013 2012 2011 Net Sales 305,860 318,600 306,350 297,430 291,600 Net Income 626,600 620,400 681,760 710,170 717,340 Total Assets 386,150 386,150 354,270 357,850 344,090
A) 95.0
B) 86.2
C) 35.4
D) 23.9
Q. 4Solve for the base, rounding answer to hundredths, or the nearest cent if necessary: 1.13 is 138 of _____.
Fill in the blank(s) with correct word
Q. 5From the following data, find the 2014 Total Assets index number. (Round to nearest tenth percent) Thunderdome Corporation-5-Year Selected Financial Data 2015 2014 2013 2012 2011 Net Sales 245,890 270,210 281,470 263,060 271,200 Net Income 29,830 28,140 30,260 30,260 32,540 Total Assets 75,870 75,120 79,920 84,130 89,500
A) 83.9
B) 58.5
C) 79.6
D) 63.2
Q. 6Solve for the base, rounding answer to hundredths, or the nearest cent if necessary: 26 is 15.8 of _____.
Fill in the blank(s) with correct word
Q. 7You own a business that has current liabilities of 117,300; cash in the amount 5,600; securities valued at 98,400; and accounts receivable of 85,900. Calculate the acid test ratio. (Round to the nearest hundredth)
A) 1.56:1
B) 1.62:1
C) 1.89:1
D) 2.02:1
Quick Reply
