(Solved by Humans)-Z Corp. Balance Sheet 12/31 2000 2001 Cash $ 100 $120 Accounts receivable 250 260 Inventory 400 5

Question

Z Corp. Balance Sheet 12/31 2000 2001 Cash $ 100 $120 Accounts receivable 250 260 Inventory 400 500 Equipment (net) 550 620 Total assets 1300 1500 Accounts payable 300 350 Mortgage payable 500 500 Capital stock (100 Shares) 200 200 Retained earnings 300 450 Total equities 1300 1500 Z Corp. Income statement FYE 12/31/01 Sales $ 800 Cost of sales 300 Gross margin 500 Operating expenses 100 Operating income 400 Taxes 100 Net income $300 Market price per share: $12 Dividends paid: $150(total) 16 What is the working capital for 2001? A. 620 B. 530 C. 410 D. Some other amount 17. What is the current ratio for 2001? A. 2.51 B. 1.33 C. 2.00 D. Some other amount 18. What is the return on assets for 2001? A. .2222 B. .1775 C. .2857 D. Some other amount 19. What is the return on equity for 2001? A. .52 B. .75 C. .33 D. Some other amount 20. What is the quick ratio for 2001? A. 1.011 B. 1.086 C. 2.222 D. Some other amount