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Table 4.1 Bacon Signs

question 50

Multiple Choice

Table 4.1
Bacon Signs
2013 Income Statement (000's)
Table 4.1 Bacon Signs 2013 Income Statement (000's) Bacon Signs 2012 and 2013 Balance Sheets (000's) -Use the information to determine the 2013 current ratio for Bacon Signs. A) $3,908/$2,943 = 1.33 B) $3,527/$2,250 = 1.57 C) $3,170/$2,943 = 1.08 D) $713/$2,943 = 0.24
Bacon Signs
2012 and 2013 Balance Sheets (000's)
Table 4.1 Bacon Signs 2013 Income Statement (000's) Bacon Signs 2012 and 2013 Balance Sheets (000's) -Use the information to determine the 2013 current ratio for Bacon Signs. A) $3,908/$2,943 = 1.33 B) $3,527/$2,250 = 1.57 C) $3,170/$2,943 = 1.08 D) $713/$2,943 = 0.24

-Use the information to determine the 2013 current ratio for Bacon Signs.

Definitions:

Utility Company

A company that provides essential public services, including electricity, gas, water, and sewage services.

Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided to the buyer.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest.

Drawing Account

An account used by a sole proprietor to track money withdrawn from the business for personal use.