The Balance Sheet of Sound Designs Reports Total Assets of $750,000

question 39

Multiple Choice

The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year,respectively.Sales revenues are $1.5 million ($1.2 million in the previous year) ,net income is $150,000,and net cash flows from operating activities are $175,000.What is Sound Designs' cash flow to sales?

• A)22.6%.
• B)11.7%.
• C)14.6%.

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Definitions:

Furosemide

A diuretic medication used to treat fluid build-up due to heart failure, liver scarring, or kidney disease.

Glyburide

A medication used to treat type 2 diabetes by stimulating the pancreas to produce more insulin.

Heparin

A medication used as an anticoagulant to prevent and treat blood clots, often administered intravenously or via injection.

Excessively Dry Mouth

A condition, also known as xerostomia, characterized by a noticeable decrease in saliva production, leading to discomfort and potential oral health issues.