答案和详解如下： 26.Given the following income statement and balance sheet for a company: Balance Sheet | Assets | Year 2003 | Year 2004 | Cash | 500 | 450 | Accounts Receivable | 600 | 660 | Inventory | 500 | 550 | Total CA | 1300 | 1660 | Plant, prop. equip | 1000 | 1250 | Total Assets | 2600 | 2910 |
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| Liabilities |
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| Accounts Payable | 500 | 550 | Long term debt | 700 | 1102 | Total liabilities | 1200 | 1652 |
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| Equity |
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| Common Stock | 400 | 538 | Retained Earnings | 1000 | 720 | Total Liabilities & Equity | 2600 | 2910 |
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| Income Statement | Sales | 3000 | Cost of Goods Sold | (1000) | Gross Profit | 2000 | SG&A | 500 | Interest Expense | 151 | EBT | 1349 | Taxes (30%) | 405 | Net Income | 944 | | | | |
What is the quick ratio for 2004? A) 2.018. B) 0.331. C) 1.961. D) 3.018. The correct answer was A) Quick ratio = (cash + mkt sec. + receivables)/CL = (450 + 0 + 660)/550 = 2.018
27.Given the following income statement and balance sheet for a company: Balance Sheet | Assets | Year 2003 | Year 2004 | Cash | 500 | 450 | Accounts Receivable | 600 | 660 | Inventory | 500 | 550 | Total CA | 1600 | 1660 | Plant, prop. equip | 1000 | 1250 | Total Assets | 2600 | 2910 |
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| Liabilities |
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| Accounts Payable | 500 | 550 | Long term debt | 700 | 1002 | Total liabilities | 1200 | 1552 |
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| Equity |
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| Common Stock | 400 | 538 | Retained Earnings | 1000 | 820 | Total Liabilities & Equity | 2600 | 2910 |
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| Income Statement | Sales | 3000 | Cost of Goods Sold | (1000) | Gross Profit | 2000 | SG&A | (500) | Interest Expense | (151) | EBT | 1349 | Taxes (30%) | (405) | Net Income | 944 | | | | |
What is the current ratio for 2004? A) 0.331. B) 3.018. C) 1.961. D) 2.018. The correct answer was B) Current ratio = CA/CL = 1,660/550 = 3.018 | 
发表于 2008-5-7 14:06
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