HighTech Company HighTech Company Manufactures Computer Technology Devices $\text { SelectedIncome Statement Data - for the year ending December 31, } 2005$

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:
$\begin{array}{lll}\text { Dec. } 31,2004&\text { As of Dec. } 31,2005&\text { Current Assets }\\\hline616,604 & \$ 1,267,038 & \text { Cash and short-term investments } \\665,828 & 490,816 & \text { Accounts Receivable (net) } \\487,505 & 338,599 & \text { Inventories } \\291,915&292,511&\text { Prepaid Expenses and other current asset: }\\\$2,061,852&\$2,388,964&\text { Total Current Assets }\\\\&&\text { Current Liabilities }\\\hline\$38,108 & \$ 25,190 & \text { Short-term borrowings } \\210,090 & 182,295 & \text { Current portion of long-term debt } \\334,247 & 296,307 & \text { Accounts payable } \\743,999 & 941,912 & \text { Accrued liabilities } \\239,793 & 203,049 & \text { Income taxes payable }\\1,566,237&1,648,753&\text { Total Curyent Liabilities }\end{array}$ $\text { SelectedIncome Statement Data - for the year ending December 31, } 2005$
$\begin{array}{ll}\$ 4,885,340 & \text { Net Sales } \\2,542,353 & \text { Cost of Goods Sold } \\733,541 & \text { Operating Income } \\230,101 & \text { Net Income }\end{array}$ SelectedStatement of Cash Flow Data - for the year ending December 31, 2005:
$\$ 1,156,084$$\quad$$\quad$$\quad$$\quad$ CashFlows from Operations HighTech's current ratio in 2005 was

• A) 1.07
• B) 1.45
• C) 1
• D) .69

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Definitions:

Amount of Influence

The degree or extent to which one individual or group can sway or alter the actions, beliefs, or attitudes of another.

Modify Past Behavior

The act of changing or altering one's previous actions or habits, typically motivated by the desire for improvement or as a response to new information or experiences.

Postdecisional Dissonance

The psychological discomfort experienced after making a difficult choice, often leading to regret or rationalization of the decision.

Bad Decision

A choice that leads to negative or undesired outcomes, often resulting from inadequate information, poor judgement, or a lack of foresight.