Selected information from the comparative financial statements of fava company for the year ended december 31, appears below: 2017 2016 accounts receivable (net) $180,000 $200,000 inventory 140,000 160,000 total assets 1,200,000 800,000 current liabilities 140,000 110,000 long-term debt 400,000 300,000 net credit sales 1,330,000 700,000 cost of goods sold 900,000 530,000 interest expense 50,000 25,000 income tax expense 60,000 29,000 net income 150,000 85,000 answer the following questions relating to the year ended december 31, 2017. (round times interest earned answer to 1 decimal place, e. g. 52.7.) 1. inventory turnover for 2017 is times 2. times interest earned in 2017 is times 3. the debt to assets ratio for 2017 is % 4. accounts receivable turnover for 2017 is times 5. return on assets for 2017 is %

Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.

Laurelton heating & cooling installs and services commercial heating and cooling systems. laurelton uses job costing to calculate the cost of its jobs. overhead is allocated to each job based on the number of direct labor hours spent on that job. at the beginning of the current year, laurelton estimated that its overhead for the coming year would be $ 61 comma 500. it also anticipated using 4 comma 100 direct labor hours for the year. in april comma laurelton started and completed the following two jobs: (click the icon to view the jobs.) laurelton paid a $ 20-per-hour wage rate to the employees who worked on these two jobs. read the requirements requirement 1. what is laurelton's predetermined overhead rate based on direct labor hours? determine the formula to calculate laurelton's predetermined overhead rate based on direct labor hours, then calculate the rate. / = predetermined overhead rate

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false