Question 1 (1 point) Stromboli's reports sales of $875,000, net income of $87,500, and average...
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Question 1 (1 point) Stromboli's reports sales of $875,000, net income of $87,500, and average assets of $700,000. What is their return on assets? 12.5% 25%. 80%. 10% Question 2 (1 point) Stromboli's had Net Sales of $245,900 in 2019 and $212,400 of Net Sales in 2018. In applying horizontal analysis to this information, what is the percentage change in Net Sales for Stromboli's between 2018 and 2019 (Round your answer to the nearest tenth)? 15.8%. 13.6% - 15.8% - 13.6% Question 3 (1 point) Stromboli's is doing an analysis of its liquidity. Which of the following ratios should they exclude in their analysis? Accounts receivable turnover ratio. Acid -test ratio. Earnings per Share. Inventory turnover ratio. Question 4 (1 point) When using vertical analysis which of the following bases goes with which statement? Income Statement 1. Net Sales Balance Sheet 2. Total Assets Question 5 (1 point) Stromboli's reports average total assets of $700,000, net income of $87,500, and net sales of $875,000. What is their asset turnover? 1.25 times 10% .8 times 10 times Question 6 (1 point) Stromboli's reports net income of $87,500, net sales of $875,000, and average total assets of $700,000. What is their profit margin? 10%. 125%. 80%. 25%
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