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Mobile Company
Mobile Company Manufactures Computer Technology Devices  Selected Income Statement Data - for the year ending December 31, 2010: \text { Selected Income Statement Data - for the year ending December 31, 2010: }

question 45

Multiple Choice

Mobile Company
Mobile Company manufactures computer technology devices.Selected financial data for Mobile is presented below; use the information to answer the following questions:
 current Assets ‾ As of Dec. 31,2010 Dec. 31,2009 Cash and short-term investments $1,267,038$616,604 Accounts Receivable (net)  490,816665,828 Inventories 338,599487,505 Prepaid Expenses and other current assets 292,511‾\underlind291,915 Total Current Assets $2,388,964$2,061,852Current Liabilities  Short-term borrowings $25,190$38,108 Current portion of long-term debt 182,295210,090 Accounts payable 296,307334,247 Accrued liabilities 941,912743,999 Income taxes payable 203,049‾239,793‾ Total Current Liabilities 1.648753566237\begin{array}{lcc}\underline{\text { current Assets }}& \text { As of Dec. } 31,2010 &\text { Dec. } 31,2009\\\text { Cash and short-term investments } & \$ 1,267,038 & \$ 616,604 \\\text { Accounts Receivable (net) } & 490,816 & 665,828 \\\text { Inventories } & 338,599 & 487,505 \\\text { Prepaid Expenses and other current assets } &\underline{ 292,511} & \underlind{291,915}\\\text { Total Current Assets }&\$ 2,388,964 & \$ 2,061,852\\\\\text {Current Liabilities }\\\text { Short-term borrowings } & \$ 25,190 & \$ 38,108 \\\text { Current portion of long-term debt } & 182,295 & 210,090 \\\text { Accounts payable } & 296,307 & 334,247 \\\text { Accrued liabilities } & 941,912 & 743,999 \\\text { Income taxes payable } & \underline{203,049 }&\underline{ 239,793 }\\\text { Total Current Liabilities }&1.648753&566237\\\end{array}


 Selected Income Statement Data - for the year ending December 31, 2010: \text { Selected Income Statement Data - for the year ending December 31, 2010: }
 Net Sales $4,885,340 Cost of Goods Sold 2,542,35 Operating Income 733,54 Net Income 230,10\begin{array}{l}\begin{array}{l}\text { Net Sales } &\$ 4,885,340\\\text { Cost of Goods Sold }&2,542,35 \\\text { Operating Income } &733,54 \\\text { Net Income }&230,10\end{array}\\\begin{array}{r}\end{array}\end{array}

 Selected Statement of Cash Flow Data - for the year ending December 31,2010:\text { Selected Statement of Cash Flow Data - for the year ending December } 31,2010:
 Cash Flows from Operations $1.156,08\begin{array}{l}\begin{array}{l}\text { Cash Flows from Operations } &\$ 1.156,08\\\end{array}\\\begin{array}{r}\end{array}\end{array}
-Refer to the information for Mobile Company.Mobile's current ratio in 2010 was:

Definitions:

Unhappy People

Individuals experiencing a persistent state of sadness or dissatisfaction with their lives or circumstances.

Conflict Resolution

The process of resolving a dispute or disagreement between parties in a constructive and peaceful manner.

Conflict Process

The series of stages that a conflict undergoes from its inception to resolution, including potential escalation and the means of addressing it.

Damage

Harm or injury that reduces the value or functionality of something.

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