Please do not give solution in image format thanku A. 34.0%B. 28.7%C. 29.4%D. 25.4%(D is wrong, so what is right?) Below is selected information from Marker's financial statements:Cash and short-term investmentsAccounts Receivable (net)InventoriesPrepaid Expenses and other current assetsTotal Current AssetsPlant, Property and Equipment, netIntangible AssetsShort-term borrowingsCurrent portion of long-term debtAccounts payableAccrued liabilitiesIncome taxes payableTotal AssetsTotal Current LiabilitiesLong-term DebtTotal LiabilitiesShareholders' EquityTotal Liabilities and Shareholders' EquityNet SalesCost of Goods SoldOperating IncomeNet IncomeDec. 31, Year 2$1,109,493Interest ExpenseIncome Tax Expense125,850195,65045,300Selected Income Statement Data - for the year ending December 31, Year 2:$3,210,645(2,310,210)$900,435$ 321,000Marker's Year 2 Long-term Debt to Long-Term Capital ratio is:$1,476,2931,478,320125,600$3,080,213$25,19045,000285,400916,722125,400$1,397,712450,000$1,847,712$1,232,501$3,080,213Selected Statement of Cash Flow Data - for the year ending December 31, Year 2:Cash Flows from Operations$147,51342,400171,607Dec. 31, Year 1$ 745,800135,400175,84030,860$1,087,9001,358,700120,400$2,567,000$38,10840,000325,900705,891115,600$1,225,499430,000$1,655,499$911,501$2,567,000

The debt-equity ratio is the financial ratio that compares the firm's total debt and equity. It…

Below is selected information from Marker's financial statements: Cash and short-term investments Accounts Receivable (net) Inventories Prepaid Expenses and other current assets Total Current Assets Plant, Property and Equipment, net Intangible Assets Total Assets Short-term borrowings Current portion of long-term debt Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities Long-term Debt Total Liabilities Shareholders' Equity Total Liabilities and Shareholders' Equity Dec. 31, Year 2 $1,109,493 125,850 195,650 45,300 $1,476,293 1,478,320 125,600 $3,080,213 $ 25,190 45,000 285,400 916,722 125,400 $1,397,712 450,000 $1,847,712 $1,232,501 $3,080,213 Selected Income Statement Data - for the year ending December 31, Year 2: Net Sales $3,210,645 Cost of Goods Sold (2,310,210) Operating Income $ 900,435 Net Income $ 321,000 Dec. 31, Year 1 $ 745,800 135,400 175,840 30,860 $1,087,900 1,358,700 120,400 $2,567,000 $ 38,108 40,000 325,900 705,891 115,600 $1,225,499 430,000 $1,655,499 $911,501 $2,567,000

Below is selected information from Marker's financial statements: Cash and short-term investments Accounts Receivable (net) Inventories Prepaid Expenses and other current assets Total Current Assets Plant, Property and Equipment, net Intangible Assets Total Assets Short-term borrowings Current portion of long-term debt Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities Long-term Debt Total Liabilities Shareholders' Equity Total Liabilities and Shareholders' Equity Dec. 31, Year 2 $1,109,493 125,850 195,650 45,300 $1,476,293 1,478,320 125,600 $3,080,213 $ 25,190 45,000 285,400 916,722 125,400 $1,397,712 450,000 $1,847,712 $1,232,501 $3,080,213 Selected Income Statement Data - for the year ending December 31, Year 2: Net Sales $3,210,645 Cost of Goods Sold (2,310,210) Operating Income $ 900,435 Net Income $ 321,000 Dec. 31, Year 1 $ 745,800 135,400 175,840 30,860 $1,087,900 1,358,700 120,400 $2,567,000 $ 38,108 40,000 325,900 705,891 115,600 $1,225,499 430,000 $1,655,499 $911,501 $2,567,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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