Arnold Is Married to Sybil,who Abandoned Him in 2012

question 8

Multiple Choice

Arnold is married to Sybil,who abandoned him in 2012.He has not seen or communicated with her since April of that year.He maintains a household in which their son,Evans,lives.Evans is age 25 and earns over $6,000 each year.For tax year 2013,Arnold's filing status is:

• A)Married,filing jointly.
• B)Head of household.
• C)Married,filing separately.
• D)Surviving spouse.
• E)Single.

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Definitions:

Du Pont Identity

A framework for analyzing a company's return on equity (ROE) by breaking it into three key components: profit margin, asset turnover, and financial leverage.

Equity Multiplier

A financial ratio indicating the portion of a company’s assets that are financed by stockholder's equity.

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets.