Author Question: A corporation has annual sales of 18 million, total assets of 4 million, a debt ratio of 40, ... (Read 112 times)

james

  • Hero Member
  • *****
  • Posts: 573
A corporation has annual sales of 18 million, total assets of 4 million, a debt ratio of 40,
  depreciation expense of 200,000, and a tax rate of 40. The corporation's total stockholders' equity
  is equal to
 
  A) 2,800,000. B) 2,400,000. C) 1,800,000. D) 5,600,000.

Question 2

In relation to the balance sheet, an income statement shows
 
  A)
 
  net worth, not the period's savings or dissavings.
  B)
 
  the period's savings or dissavings, not net worth.
  C)
 
  activities at a point in time, not over a period of time.
  D)
 
  financial position, not financial performance.



lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library