Please Refer to Table 4-4 for the Following Questions

question 76

Multiple Choice

Please refer to Table 4-4 for the following questions.
Table 4-4
Wes Donnell, Inc.
Balance Sheet

-In addition to the information contained in Table 4-4,you know that the current ratio for 2010 is 4 and that the corporation paid $11,600 in dividends in 2010.What is Wes Donnell's total asset balance for 2010?

• A) $42,500
• B) $36,500
• C) $38,500
• D) $26,900

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Definitions:

Toughness

The ability of a material to absorb energy and plastically deform without fracturing.

Toughener

A substance added to materials to increase their toughness, making them more resistant to impact and less likely to crack.

Nickel

A hard, malleable, and ductile metallic element, primarily used in alloys and as a catalyst.

Epoxy

A class of synthetic thermosetting polymers used in adhesives, coatings, and composite materials, known for strong adhesive and mechanical properties.