Mobile Company
Mobile Company Manufactures Computer Technology Devices $\text { Selected Income Statement Data - for the year ending December 31, 2010: }$

question 65

Multiple Choice

Mobile Company
Mobile Company manufactures computer technology devices.Selected financial data for Mobile is presented below; use the information to answer the following questions:
$\begin{array}{lcc}\underline{\text { current Assets }}& \text { As of Dec. } 31,2010 &\text { Dec. } 31,2009\\\text { Cash and short-term investments } & \$ 1,267,038 & \$ 616,604 \\\text { Accounts Receivable (net) } & 490,816 & 665,828 \\\text { Inventories } & 338,599 & 487,505 \\\text { Prepaid Expenses and other current assets } &\underline{ 292,511} & \underlind{291,915}\\\text { Total Current Assets }&\$ 2,388,964 & \$ 2,061,852\\\\\text {Current Liabilities }\\\text { Short-term borrowings } & \$ 25,190 & \$ 38,108 \\\text { Current portion of long-term debt } & 182,295 & 210,090 \\\text { Accounts payable } & 296,307 & 334,247 \\\text { Accrued liabilities } & 941,912 & 743,999 \\\text { Income taxes payable } & \underline{203,049 }&\underline{ 239,793 }\\\text { Total Current Liabilities }&1.648753&566237\\\end{array}$


$\text { Selected Income Statement Data - for the year ending December 31, 2010: }$
$\begin{array}{l}\begin{array}{l}\text { Net Sales } &\$ 4,885,340\\\text { Cost of Goods Sold }&2,542,35 \\\text { Operating Income } &733,54 \\\text { Net Income }&230,10\end{array}\\\begin{array}{r}\end{array}\end{array}$

$\text { Selected Statement of Cash Flow Data - for the year ending December } 31,2010:$
$\begin{array}{l}\begin{array}{l}\text { Cash Flows from Operations } &\$ 1.156,08\\\end{array}\\\begin{array}{r}\end{array}\end{array}$
-Refer to the information for Mobile Company.Mobile's quick ratio changed by what percentage from 2009 to 2010?

• A) 30%
• B) 107%
• C) 25%
• D) 82%

---

Definitions:

Brainstem

The part of the brain connected to the spinal cord that controls vital functions such as breathing, heart rate, and blood pressure.

Cerebral Cortex

The outer layer of the brain's cerebrum, playing a key role in memory, attention, perception, cognition, awareness, thought, language, and consciousness.

Brainstem

The lower extension of the brain where it connects to the spinal cord, overseeing fundamental life-supporting functions such as breathing, heart rate, and blood pressure.

Discriminate Sounds

The ability to distinguish between different sounds, an important aspect of auditory perception.