Which of the following ratios provides a solvency measure that shows the margin of safety of bondholders and also gives an indication of the potential ability of the business to borrow additional funds on a long-term basis?
a. ratio of fixed assets to long-term liabilities
b. ratio of net sales to assets
c. number of days' sales in receivables
d. rate earned on stockholders' equity
a
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Which one of the following steps in the accounting cycle is completed only at the end of an accounting period?
a. Business transactions are recorded. b. Adjustments are recorded. c. Transactions are journalized. d. Journal entries are posted to the ledger.
Politically savvy leaders ______.
a. should at least appear to be sincere b. should be truly sincere c. must be honest d. none of these
When trust is low, team members may spend more time trying to influence team dynamics to protect their own interests than performing their actual jobs.
Answer the following statement true (T) or false (F)
During 2017, Sanchez Corp. had net sales of $16,400,000. The beginning total assets were $8,900,000. The asset turnover ratio was 1.7 times. Calculate the ending total assets of Sanchez
A) $10,394,118 B) $8,900,000 C) $15,652,941 D) $6,752,941