Below Is Selected Data for Gertup Corporation as of 12/31/05

question 5

Multiple Choice

Below is selected data for Gertup Corporation as of 12/31/05:
$$\begin{array} { l r } \text { Total assets } & \$ 5,500 \\\text { Current assets } & 2,750 \\\text { Long-term debt } & 450 \\\text { Current ratio } & 2.5 \\\text { Inventory } & 1,500 \\\text { For year ended 12/31/05 } & \\\text { Sales } & \$ 18,500 \\\text { Cost of goods sold } & 14,800\end{array}$$
-If sales increased by 10% per annum for the next 20 years, sales for year 2025 would be closest to:

• A)$407,000.
• B)$124,459.
• C)$113,000.
• D)$55,500.

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Definitions:

Resistance

The property of a material or circuit that opposes the flow of electric current, converting electrical energy into heat.

Applied

In general context, "applied" refers to something that has been put to practical use or implemented in a real-world scenario, as opposed to being theoretical.

Engineering Notation

A version of scientific notation in which powers of ten are used, and the exponent is a multiple of three.

Prefix

A syllable or group of syllables added at the beginning of a word to alter its meaning or create a new word, often used in units of measurement.