Question
1.
Multiple Choice Question 161
Sheffield Corp. had the following accounts and balances:
If the balance of the Buildings account was $75000 and $5100 of Accounts Payable were paid in cash, what would be the balance of the total stockholders’ equity?
a. $125750
b. $140400
c. $136250
d. $175700
2.
Multiple Choice Question 75
Use the following data to determine the total dollar amount of assets to be classified as current assets.
a. $866100
b. $507000
c. $443100
d. $596100
3.
Multiple Choice Question 79
Use the following data to calculate the current ratio.
a. 3.04 : 1
b. 1.62 : 1
c. 2.68 : 1
d. 2.31 : 1
4.
Multiple Choice Question 120
Using the following balance sheet and income statement data, what is the debt to assets ratio?
a. 64.92 percent
b. 13 percent
c. 35.00 percent
d. 26 percent
|
Accounts payable |
$29500 |
|
Equipment |
$35300 |
|
Accounts receivable |
5300 |
|
Land |
35500 |
|
Buildings |
? |
|
Unearned service revenue |
10500 |
|
Cash |
14650 |
|
Total stockholders’ equity |
? |
