The Following Information Is Available from the Annual Report of Frixell

question 37

Multiple Choice

The following information is available from the annual report of Frixell, Inc.: Which of the following statements are correct? (More than one statement may be correct.)

• A) The return on equity exceeds the return on assets.
• B) The current ratio is .625 to 1.
• C) Working capital is $1,200,000.
• D) None of the above answers is correct.

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