question 21
Multiple Choice
HighTech Company HighTech Company manufactures computer technology devices. Selected financial data for HighTech is presented below, use the information to answer the following questions:
Dec. 31,2004616,604665,828487,505291,915$2,061,852$38,108210,090334,247743,999239,7931,566,237 As of Dec. 31,2005$1,267,038490,816338,599292,511$2,388,964$25,190182,295296,307941,912203,0491,648,753 Current Assets Cash and short-term investments Accounts Receivable (net) Inventories Prepaid Expenses and other current asset: Total Current Assets Current Liabilities Short-term borrowings Current portion of long-term debt Accounts payable Accrued liabilities Income taxes payable Total Curyent Liabilities SelectedIncome Statement Data - for the year ending December 31, 2005
$4,885,3402,542,353733,541230,101 Net Sales Cost of Goods Sold Operating Income Net Income SelectedStatement of Cash Flow Data - for the year ending December 31, 2005:
$1,156,084 CashFlows from Operations HighTech's current ratio in 2005 was
Definitions:
Margin of Error
The maximum expected difference between the true population parameter and a sample estimate of that parameter.
Mean
The average of a set of numbers, calculated by adding all the values together and dividing by the number of values.
T Distribution
A probability distribution used in statistical analysis that compares sample data to the standard normal distribution, especially useful when the sample size is small.
Population Standard Deviation
The standard deviation of a set of values that includes an entire population.