Marlin Enterprises signed a lease for office space during their first month of business. At...
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Marlin Enterprises signed a lease for office space during their first month of business. At that time they paid a total of $12,000 for first and last months' rent. At the end of the first month, the effect on the financial statements would be O$12,000 rent expense. $6,000 rent expense and $6,000 prepaid rent on the Statement of Financial Position. O $12,000 prepaid rent on the Statement of Financial Position. Nothing recorded because the company has not made any sales yet. Question 8 (1 point) Harmon Enterprises ROA has increased year over year. Factors contributing to this increase may include O increase in the average cost of total assets. O increase in revenues. O increase in expenses. O all of the above Which of the following would be the most useful in determining if a company has sufficient resources to continue operations in the short-term? O the profit margin ratio O the return on assets ratio O the cash from operating activities O the cash from financing activities Question 10 (1 point) Shareholders of a publicly traded company want to assess the return on their investment. The shareholders should use the following ratio to help specifically assess this: O Gross profit margin. OROE. OROA. O Profit margin
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