The following information pertains to Makenna Company Balance Sheet 12/13/2018 12/31/2017 Cash and short-term investments...
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The following information pertains to Makenna Company Balance Sheet 12/13/2018 12/31/2017 Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Total assets $ 35,000 25,000 15,000 10,000 190,000 180,000 70,000 $230. 000 25,000 20,000 Liabilities and Stockholders' Equity: Current liabilities Long-term liabilities Common Stock, $1 Par Value Retained Earnings Total liabilities and stockholders' equity $ 50,000 S40,000 65,000 5,000 140,000 120.000 $270,000 S230.000 75,000 5,000 Income Statement for the year ended December 31, 2018 S 85,000 Sales Cost of goods sold Gross profit Operating expenses Interest expense Net income 40,000 15,000 What is the Year 2018 Asset Turnover for Makenna Company? A. .00 2.94 0.18 0.34 What is the Year 2018 Return on Total Assets for Makenna Company? A. 10.0% 8.0% O. I 0% 1.0% What is the Quick Ratio for Makenna Company at December 31, 2018? 1.60 1.44 1.20
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