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Author Question: The Barrett Corporations current assets were 1.7 million and current liabilities were 425,000. What ... (Read 57 times)

Starlight

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on: Jun 24, 2018
The Barrett Corporations current assets were 1.7 million and current liabilities were 425,000. What is the current ratio?
 A) 1:4
  B) 2:1
  C) 4:1
  D) 8:1

Question 2

A company has net sales of 97,500, cost of goods sold of 37,000, gross profit of 60,500, total operating expenses of 12,675, and net income of 47,825. Rounded to the nearest tenth of a percent, what would the vertical analysis of the income statement have for total operating expenses?
 A) 34.3
  B) 26.5
  C) 21.0
  D) 13.0


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kaykay69

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

C

Answer to Question 2

D


Starlight

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Reply 2 on: Jun 24, 2018
Excellent

juliaf

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Reply 3 on: Yesterday
Gracias!

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