Jenkin's Card Shop had net income of 77,000 this year with ...

[biggirl4568]

Jenkin's Card Shop had net income of 77,000 this year with owner's equity of 108,000. What is the return on investment for the year?
 A) 140.3
  B) 71.3
  C) 40.3
  D) 28.7

Question 2

Champion Camera Company has cash assets of 235,000 and accounts receivable of 115,000. Their accounts payable total is 100,000. What is the acid test ratio?
 A) 1.15:1
  B) 2.35:1
  C) 3.5:1
  D) 4.5:1

[jamesnevil303]

Answer to Question 1

B

Answer to Question 2

C