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:

Direct Labor

The labor costs directly associated with the production of goods or services, including wages of workers who are directly involved in manufacturing.

Net Cash Inflows

The difference between all cash inflows and outflows within a given period, indicating a company's ability to generate cash.

Payback Period

The time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.

Average Income

The mean amount of money earned over a specified period by an individual or entity.