1. Marquez Corp. utilized $2,000,000 in total assets last year to generate $5,00

Question

1. Marquez Corp. utilized $2,000,000 in total assets last year to generate $5,000,000 in sales. Marquez's net profit margin was 4% and its debt ratio was 40%. what was the return on equity?

A. 4.00%

b. 16.67%

c. 25$

2. when the cost of raw materuals is increasing, FIFO accounting

a. yields higher ending inventory values than LIFO

b. produces higher unit sales than using LIFO

c. yields higher cost of goods sold than LIFO

3. a firm has begining inventory of 300 units at a cost of $11 each. production during the period was 650 units at $12 each. if sales were 800 units, what is the value of the ending inventory using LIFO?

a. 3250

b.1650

c. 3300

Explanation / Answer

b. 16.67%

c. yields higher cost of goods sold than LIFO

c. 3300

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