« previous next »

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 85 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
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

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period
The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ... The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ...
All oily shop cloths should be stored in a metal container equipped with a lid to help prevent ... All oily shop cloths should be stored in a metal container equipped with a lid to help prevent ...
Honey should never be given to children younger than one year of age Honey should never be given to children younger than one year of age
The Parade of World Income The Parade of World Income
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Video: Adolescent Diabetes

For a complete list of videos, visit our video library