Question 8 part a: If a company has current liabilities of $1,500 and long-term liabilities...
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Accounting
Question 8 part a: If a company has current liabilities of $1,500 and long-term liabilities of $4,500, current assets of $2,000, fixed assets of $6,000; what is its working capital?
a
$2,000
b
-$2,000
c
$500
d
-$500
e
$1,500
b: If a company has sales revenue of $40,000, cost of goods sold of $10,000; what is its approximate gross profit margin (gross margin ratio)?
a
25%
b
400%
c
75%
d
133.33%
e
None of the above
c: Which of the following is a statement that shows the estimated assets, liabilities, and stockholders' equity at a particular point in time?
a
Pro Forma Statement of Cash Flows
b
Pro Forma Balance Sheet
c
Pro Forma Income Statement
d
Pro Forma Financial Forecast
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