Use the following data to calculate the requested ratio or percent (with 1 decimal place):...

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Finance

Use the following data to calculate the requested ratio or percent (with 1 decimal place): $84,000 cash; $128,000 accounts receivable; $290,000 total current assets; $350,000 total assets; $112,000 total current liabilities; $130,000 total liabilities; $280,000 cost of goods sold; $62,000 beginning inventory; $65,000 ending inventory; $455,000 net sales; $35,000 net income, before tax; $29,000 net income, after tax; and $220,000 stockholder s equity. What is the debt to asset ratio?

37.10%

1.30%

38.60%

32.00%

28.40%

Use the following data to calculate the requested ratio or percent (with 1 decimal place): $84,000 cash; $128,000 accounts receivable; $290,000 total current assets; $350,000 total assets; $112,000 total current liabilities; $130,000 total liabilities; $280,000 cost of goods sold; $62,000 beginning inventory; $65,000 ending inventory; $455,000 net sales; $35,000 net income, before tax; $29,000 net income, after tax; and $220,000 stockholder s equity. What is the inventory turnover?

4.3

7.2

2.2

4.5

6.8

Use the following data to calculate the requested ratio or percent (with 1 decimal place): $84,000 cash; $128,000 accounts receivable; $290,000 total current assets; $350,000 total assets; $112,000 total current liabilities; $130,000 total liabilities; $280,000 cost of goods sold; $62,000 beginning inventory; $65,000 ending inventory; $455,000 net sales; $35,000 net income, before tax; $29,000 net income, after tax; and $220,000 stockholder s equity. What is the Return on equity?

7.60%

13.20%

15.90%

6.30%

12.40%

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