Table 3.1 Information (2010 values)
1. Sales totaled $110,000
2. The gross profit margin was 25 percent.
3. Inventory turnover was 3.0.
4. There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
7. The total asset turnover was 1.13.
8. The debt ratio was 53.8 percent.
-Long-term debt for CEE in 2010 was ________. (See Table 3.1)
A) $30,763
B) $52,372
C) $10,608
D) $41,372

Question

Table 3.1  Information (2010 values)
1. Sales totaled $110,000
2. The gross profit margin was 25 percent.
3. Inventory turnover was 3.0.
4. There are 360 days in the year.
5. The average collection period was 65 days.
6. The current ratio was 2.40.
7. The total asset turnover was 1.13.
8. The debt ratio was 53.8 percent.
-Long-term debt for CEE in 2010 was ________. (See Table 3.1)
A) $30,763 
B) $52,372 
C) $10,608 
D) $41,372

Quizplus · Accepted Answer

Long-term debt for CEE in 2010 was $30,763 million.

Table 3.1 Information (2010 Values)