Below Is Selected Information from Marker's 2012 Financial Statements $\text { Selected Income Statement Data - for the year ending December 31, 2012: }$

question 52

Multiple Choice

Below is selected information from Marker's 2012 financial statements:
$\begin{array}{lrr}&\text { As of Dec.31, } 2012&\text { Dec. 31, } 2011\\\text { Cash and short-term investments } & \$ 958,245 & \$ 745,800 \\\text { Accounts Receivable (net) } & 125,850 & 135,400 \\\text { nventories } & 195,650 & 175,840 \\\text { Prepaid Expenses and other current assets } & 45,300 & 30,860\\{\text { Total CurrentAssets }} & \$ 1,325,045 & \$ 1,087,900 \\\text { Plant, Property and Equipment, net } & 1,478,320 & 1,358,700 \\\text { Intangible Assets } & 125,600 & 120,400 \\\text { Total Assets }& \$ 2,928,965&\$ 2,567,000 \\\\ \\\text { Short-term borrowings } & \$ 25,190 & \$ 3,108 \\\text { Current portion of long-term debt } & 45,000 & 40,000 \\\text { Accounts payable } & 285,400 & 325,900 \\\text { Accrued liabilities } & 916,722 & 705,89 \\\text { ncome taxes payable } & 125,400 & 115,600\\\text { Total Current Liabilities } & \$ 1,397,712 & \$ 1,225,499 \\\text { Long-term Debt } & 450,000 & 430,000 \\\text { Total Liabilities } & \$ 1,847,712 & \$ 1,655,499 \\\text { Shareholders' Equity } & \$ 1,081,253 & \$ 911,501\\\text { Total Liabilities and Shareholders' Equity}&\$ 2,928,965 & \$ 2,567,000 \\\end{array}$


$\text { Selected Income Statement Data - for the year ending December 31, 2012: }$
$\begin{array}{l}\begin{array}{l}\text { Net Sales } \\\text { Cost of Goods Sold } \\\text { Operating Income }\\\text { Net Income }\end{array}\begin{array}{r}\$ 3,210,645 \\(2,310,210) \\\$ 900,435\\\$ 324,850\end{array}\end{array}$


$\text { Selected Statement of Cash Flow Data - for the year ending December } 31,2012 \text { : }$
$\begin{array}{l}\begin{array}{lll}\text {Cash Flows from Operations }\\\text {interest Expense }\\\text {Income Tax Expense}\end{array}\begin{array}{lll}\$ 584,750 \\42,400 \\114,200\end{array}\end{array}$
-Marker's 2012 Long-term Debt to Long-Term Capital ratio is:

• A) 31.4%
• B) 29.4%
• C) 34.0%
• D) 25.4%

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Definitions:

Contact Comfort

The concept in developmental psychology that physical and emotional comfort derived from touching or clinging to something soft and warm, especially significant in the bonding between parents and infants.

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Alternative caregivers that provide nurturing and care in the absence or supplementation to a biological mother.

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A concept in attachment theory referring to the role of caregivers in providing a sense of security for children, allowing them to explore the world.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.