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Author Question: Jenkin's Card Shop had net income of 77,000 this year with owner's equity of 108,000. What is the ... (Read 87 times)

biggirl4568

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on: Jun 24, 2018
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

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

C


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