In Its Closing Financial Statements for Its First Year in Business

question 25

Multiple Choice

In its closing financial statements for its first year in business, the Runs and Goses Company, had cash of $242, accounts receivable of $850, inventory of $820, net fixed assets of$3,408, accounts payable of $700, short-term notes payable of $740, long-term liabilities of $1,100, common stock of $1,160, retained earnings of$1,620, net sales of $2,768, cost of goods sold of $1,210, depreciation of $360, interest expense of $160, taxes of $312, addition to retained earnings of $508, and dividends paid of $218.
-What is the equity multiplier for Runs and Goses?

• A)4.59 times
• B)2.35 times
• C)0.48 times
• D)1.12 times
• E)1.91 times

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Definitions:

Androgyny

A blend of both masculine and feminine characteristics or a state of gender ambiguity.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or virtual territory.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, often influenced by social and cultural factors rather than biology alone.

Gender Identity

A person's own perception of their gender identity, which might differ from the sex designated at their birth.