The following selected accounts were taken from the financial records of los olivos distributors at december 31, 2019. all accounts have normal balances. cash $ 33,340 accounts receivable 47,700 note receivable, due 2020 9,500 merchandise inventory 35,700 prepaid insurance 2,350 supplies 1,410 equipment 43,500 accumulated depreciation, equipment 23,500 note payable to bank, due 2020 35,000 accounts payable 13,050 interest payable 350 sales 535,000 sales discounts 3,200 cost of goods sold 348,540 accounts receivable at december 31, 2018, was $52,550. merchandise inventory at december 31, 2018, was $58,500. based on the account balances above, calculate the following: the gross profit percentage. working capital. the current ratio. the inventory turnover. the accounts receivable turnover. all sales were on credit.

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Precision aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. what was the firm's roe? a. 15.23%b. 16.03%c. 16.88%d. 17.72%e. 18.60%

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.