Following Is Financial Statement Information for Rogex Corporation: Cash =

question 64

Multiple Choice

Following is financial statement information for Rogex Corporation: cash = $242; accounts receivable = $850; inventory = $820; net fixed assets = $3,408; accounts payable = $700; short-term notes payable = $740; long-term liabilities = $1,100; common stock = $1,160; and retained earnings = $1,620. The total-debt-to-total-assets ratio for Rogex is:

• A)0.48
• B)0.71
• C)0.27
• D)0.53

---

Definitions:

Investing Activities Section

Part of a company's cash flow statement that shows the cash spent on and received from investment activities, including purchases and sales of securities.

Book Value

The net value of an asset according to its balance sheet account balance, taking into account depreciation, amortization, or impairment costs.

Loss

A financial term referring to when expenses exceed revenues in a specific period, indicating a negative profitability.

Net Cash

The amount of cash available after accounting for cash inflows and outflows. It represents a company's liquid assets.