Table 3.1 Information (2013 Values)

question 177

Multiple Choice

Table 3.1 Information (2013 values)
1. Sales totaled $110,000
2. The gross profit margin was 25 percent.
3. Inventory turnover was 3.0.
4. There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
7. The total asset turnover was 1.13.
8. The debt ratio was 53.8 percent.
-Accounts receivable for CEE in 2013 was ________. (See Table 3.1)

• A) $14,056
• B) $19,861
• C) $14,895
• D) $18,333

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Definitions:

Coupon Bonds

Bonds that pay the holder a fixed interest rate (coupon) over the life of the bond, and then return the principal at maturity.

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument, as stated by the issuing entity.

At Issue

A term often used when new securities are released to the market, indicating they are currently being offered for sale to the public.

Coupon Bond

A type of bond that pays the holder a fixed interest payment (coupon) at regular intervals until the maturity date when the principal and the final interest payment are paid.