3. Question 3 What is the remaining balance that will be included in the Davis Inc. 2016 Balance Sheet related to the sale of the season pass to Ima Skier?…
6. Question 6 What is the average collection period for Illini Company’s accounts receivable? (Round to the nearest tenth days) 1 / 1 point 27.4 First, you need to calculate…
5. Question 5 What is the asset turnover ratio for Illini Company for 2016? 1 / 1 point 2 Asset turnover ratio= $8,000,000($4,300,000+3,700,000)/2 The asset turnover ratio also is slightly…
2. Question 2 What is Company X’s inventory turnover ratio? 1 / 1 point 5.00 6.00 10.00 16.00
4. Question 4 What is Company X’s Return On Equity (ROE)? 1 / 1 point 31% 45% 53% 60%
3. Question 3 What is Company X’s Return On Assets (ROA)? 1 / 1 point 9% 17% 28% 32%
3. Question 3 Which of the following is not true regarding the Statement of Cash Flows? 1 point Paying dividends to owners is considered a financing activity on the…
8. Question 8 Which of the following is not an example of an asset that could become impaired? 1 / 1 point Building Goodwill Equipment Short-term investments
6. Question 6 What was the tax rate for Company X in 2016? 1 / 1 point 20% 25% 40% 85%
5. Question 5 What were Company X’s operating expenses for 2016? 1 / 1 point $125,000 $225,000 $400,000 $750,000
