Use the Following to Answer Questions
Little Deer Industries

question 37

Multiple Choice

Use the following to answer questions
Little Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009:
$$\begin{array} { l l l } \text { Curent Assets } & \frac { 2010 } { 2009 } & \frac { 2025 } { \$ 465 } \\\text { Long-Tenn Arsets } & 885 & 585 \\\text { Curtert Liabilities } & 385 & 385 \\\text { Long-Term Liabilities } & 575 & 575 \\\text { Owners' Equity } & 575 & 265 \\\text { Net Sales } & 975 & 775 \\\text { Gross Margir } & 485 & 365 \\\text { Net Income } & 255 & 100\end{array}$$
-The return on assets for 2010 was:

• A)10.5%
• B)11.6%
• C)18.8%
• D)20.7%

Apply knowledge of U.S. GAAP and IFRS differences in financial reporting.

Analyze cash flows from operating, investing, and financing activities.

Assess the significance of disclosure in the notes to the financial statements regarding accounting policies.

Utilize balance sheet data to prepare and understand cash flow statements.

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Definitions:

Chest Tube

A medical device inserted into the pleural space to remove air, fluid, or pus, used in conditions like pneumothorax or pleural effusion.

Tracheostomy Tube

A tube inserted into a surgically-made hole in the front of the neck and into the windpipe to help an individual breathe.

Suctioning Time

The period during which suction is applied to remove bodily fluids from patients, typically from the airway, for medical reasons.

Respiratory Acidosis

A condition where there is an excess of carbon dioxide in the blood, leading to a lower pH level and causing the blood to become more acidic.