Emery Corporation Balance Sheet Income Statement
Assets:
Cash $250,000 Sales (all credit) $8,000,000
Accounts receivable 450,000 Cost of goods sold (4,000,000)
Inventory 500,000 Operating expense (2,900,000)
Net fixed assets 2,100,000 Interest expense (150,000)
Total assets $3,300,000 Income taxes (380,000)
Net income $570,000
Liabilities and owners' equity:
Accounts payable $100,000
Notes payable 450,000
Long-term debt 1,050,000
Owners' Equity 1,700,000
Total liabilities and
owner's equity $3,300,000
Based on the information in Table, the debt ratio is:.
A) 13.75%.
B) 25.80%.
C) 33.33%.
D) 18.59%.
What was the average annual rate of return on long-term corporate bonds during the period 1926 to 2008?
A) 6.5%.
B) 8.3%.
C) 5.9%.
D) 6.2%.