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Martin Medical, a retail store selling medical supplies, has a current ratio of 2.5 to 1 and current assets of $75,000. The amount of current liabilities is

Return on assets for Year 2

Interest Coverage for Year 2

Gross Profit rate for Year 2

Sesame Street question: Three of these belong together; one is just not quite the same. Which one doesn’t belong in the category “current assets”?

Current ratio for Year 2

Super Sails (S.S.) sells sailboats by the sea shore for $20 per sailboat.  S.S. incurs variable manufacturing costs of $12 per sailboat, fixed manufacturing costs of $340, and fixed administrative costs of $300.  If S.S. adds a toy figure (“Super Sailor”) to each sailboat at a cost of $1.60 each, how many sailboats must S.S. sell to breakeven?

Received cash for interest on bonds purchased last year

Sales commission paid to salespeople based on the dollar amount sold fixed or variable (select one of these) manufacturing or non-manufacturing (select one of these)

Hokie Industries produces a single product.  The selling price is $60 per unit, and variable costs amount to $42 per unit.  What will be the monthly margin of safety (in dollars) if 6,000 units are sold each month?