RBW Corp. has cash of $48,000; short-term notes payable of $35,000, accounts receivable of
$100,000; accounts payable of $120,000; inventories of $200,000; and accruals of $90,000. What is
RBW's current ratio?
A) 1.57 B) 0.64 C) 2.71 D) 1.42
D
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Indicate whether the statement is true or false
Sattler Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range.?Sales (8,000 units)$480,000?Variable expenses336,000?Contribution margin144,000?Fixed expenses142,200?Net operating income$1,800Required:a. What is the contribution margin per unit?b. What is the variable expense ratio?c. If sales decline to 7,900 units, what would be the estimated net operating income?d. If the variable cost per unit increases by $5, spending on advertising increases by $2,000, and unit sales increase by 3,400 units, what would be the estimated net operating income?e. What is the break-even point in dollar sales?f. Estimate how many units must be sold to achieve a target profit of $50,400.g. What is the margin
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Choose the correct word or words in parentheses. Each of the supermarkets ran (its, their) weekly advertisement on Wednesday