Mobile Company Mobile Company Manufactures Computer Technology Devices Selected Income Statement Data - for the year ending December 31, 2010:
Question 15
Question 15
Multiple Choice
Mobile Company Mobile Company manufactures computer technology devices.Selected financial data for Mobile is presented below; use the information to answer the following questions: current Assets Cash and short-term investments Accounts Receivable (net) Inventories Prepaid Expenses and other current assets Total Current Assets Current Liabilities Short-term borrowings Current portion of long-term debt Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities As of Dec. 31,2010$1,267,038490,816338,599292,511$2,388,964$25,190182,295296,307941,912203,0491.648753 Dec. 31,2009$616,604665,828487,505\underlind291,915$2,061,852$38,108210,090334,247743,999239,793566237
Selected Income Statement Data - for the year ending December 31, 2010: Net Sales Cost of Goods Sold Operating Income Net Income $4,885,3402,542,35733,54230,10
Selected Statement of Cash Flow Data - for the year ending December 31,2010: Cash Flows from Operations $1.156,08 -Refer to the information for Mobile Company.Mobile's quick ratio changed by what percentage from 2009 to 2010?
A) 30% B) 107% C) 25% D) 82%
Correct Answer:
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