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NEW QUESTION: 1
The following data have been extracted from the financial statements of a firm for two years, 1991 and
1992:
1991 1992
Assets 9,947 9,682
Sales 11,035 10,377
Current liabilities 4,193 3,920
Non-current liabilities 3,827 3,476
The asset turnover and the equity turnover for 1992 equal ________.
A. 1.06, 4.93
B. 0.98, 2.56
C. 2.11, 3.92
D. 1.34, 6.38
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Total asset turnover = net sales/average total assets
Total equity turnover = net sales/average equity
The total liabilities in 1991 = 4,193 + 3,827 = 8,020 and total liabilities in 1992 = 3,920 + 3,476 = 7,396.
Therefore, using the equation,
Total Assets = Total Liabilities + Total Equity,
the equity in 1991 was 9,947 - 8020 = 1,927 and in 1992, it was 9,682 - 7,396 = 2,286. Thus, the average equity for 1992 equals (1,927 + 2,286)/2 = 2,107 and average assets for 1992 equal (9,682 + 9,947)/2
9,815. Therefore, asset turnover for 1992 = 10,377/9,815 = 1.06 and equity turnover = 10,377/2,107
4.93.
NEW QUESTION: 2
The benefits of the testing features include: (Choose all that apply)
A. Central storage of testing material and test results.
B. Reduced time for test preparation and execution.
C. Single point of access to complete system landscape.
D. Re-use of existing testing material.
Answer: A,B,C,D
NEW QUESTION: 3
What is the subnet broadcast address of the LAN connected to Router1?
A. 192.168.8.15
B. 192.168.8.31
C. 192.168.8.63
D. 192.168.8.127
Answer: A
Explanation:
The IP address assigned to FA0/1 is 192.168.8.9/29, making 192.168.8.15 the broadcast address.