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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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