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NEW QUESTION 21
A company has incurred $2,500 to produce its four products. These products can either be sold as is or processed further. The selling prices and additional costs necessary to finish these products ace shown below
- A. Product C
- B. Products B
- C. Products A
- D. Product D
Answer: D
NEW QUESTION 22
Which one of the following statements best describes an offering after an initial public offering where a benchmark stock price will already exist?
- A. Stock repurchase
- B. Private placement
- C. Over-the-counter offering
- D. Subsequent or secondary public offering.
Answer: D
NEW QUESTION 23
Below is the income statement and balance sheet for a retail corporation.
What is the corporation's debt to total capital in year 2?
- A. 19%
- B. 71%
- C. 41%
- D. 6%
Answer: A
NEW QUESTION 24
Given the financial information shown below, what amounts would be shown for sales revenue and for gross prom, respectively in a common size income statement?
- A. 100% and 20%
- B. 100% and 45%
- C. 222% and 225$
- D. 100% and 55%
Answer: B
NEW QUESTION 25
A corporation has $80 million in current assets comprised of $30 million in inventory and $50 million in cash and marketable securities it has current liabilities of $50 million. If the corporation purchases an additional $10 million in inventory with trade credit this would
- A. increase its current ratio and increase its quick ratio
- B. not change its current ratio and decrease its quick ratio
- C. decrease its current ratio and decrease its quick ratio
- D. not change its current ratio and not change its quick ratio
Answer: C
NEW QUESTION 26
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