« 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 74 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?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Graphic Card Graphic Card
A 5,000-year-old Egyptian garment A 5,000-year-old Egyptian garment
Distribution of the Income of Americans Distribution of the Income of Americans
The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ... The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ...
Kahan (Last Year) Kahan (Last Year)
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library