27. Anguiano Inc. reported the following results from last year\'s operations Sa

Question

27. Anguiano Inc. reported the following results from last year's operations Sales Variable expenses Contribution margirn Fixed expenses Net operating income S 10,500,000 8,210,000 2,290,000 1,555,00 735,000 company's average operating assets were $5,000,000. Last year's return on investment (ROID was closest to a. b. c. d. 7.0% 14.7% 45.8% 47.6% ter 15: Financial Statement Analysis 28. Feiler Corporation has total current assets of $483,000, total current liabilities of $347,000, total stockholders' equity of $1,057,000, total plant and equipment (net) of $1,031,000, total assets of $1,514,000, and total liabilities of $457,000. The company's current ratio is closest to: a. 0.32 b. 0.30 c. 1.39 d. 0.95

Explanation / Answer

27 ROI = Net operating income/Average assets = 735000/5000000= 14.70% Option B is correct 28 Current ratio = Current assets/Current liabilities = 483000/347000= 1.39 Option C is correct

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