Se the below information to answer the following question. income statement for the year net sales $631,000 cogs 442,220 depreciation 28,100 ebit $160,700 interest 14,900 taxable income $145,800 taxes 49,600 net income $96,200 balance sheet beginning of year end of year cash $38,200 $43,700 accounts receivable 91,400 86,150 inventory 203,900 214,600 net fixed assets 516,100 537,950 total assets $849,600 $882,400 accounts payable $136,100 $104,300 long-term debt 329,500 298,200 common stock ($1 par value) 75,000 82,000 retained earnings 309,000 397,900 total liab. & equity $849,600 $882,400 what is the quick ratio at the end of the year?

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Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.