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 %

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?

The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?