Find the Missing Numbers

question 73

Multiple Choice

Find the missing numbers. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
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• A)Cost Price: $75.22 % Markup on Cost: 24.9%
• B)Cost Price: $56.47 % Markup on Cost: 33.2%
• C)Cost Price: $93.97 % Markup on Cost: 24.9%
• D)Cost Price: $93.97 % Markup on Cost: 20.0%

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Definitions:

Equity Securities

Equity securities represent ownership interest held by shareholders in an entity, such as stocks, signaling a claim on its proportionate share in the corporation's assets and profits.

Non-Current Section

A section of the balance sheet that lists long-term liabilities and assets that are not expected to be liquidated or paid off within one year.

Long-Term Investments

Investments in securities, bonds, real estate, or other assets intended to be held for a period exceeding one year for capital gains, dividends, or interest earnings.

Balance Sheet

A summary report of a corporation’s assets, liabilities, and the owners’ equity as recorded at a specific moment in time.