StarrKnight Corporation's Statement of Financial Position and Income Statement as Shown
Question 110
Question 110
Multiple Choice
StarrKnight Corporation's Statement of financial position and Income Statement as shown below: Statement Of Financial Position(in thousands of poundss) Assets Current Assets Cash Receivables Inventories Total Fixed Assets Total Assets Liabilities Current Liabilities Trade Payables Notes Payable Other Total Long-term Liabilities Stockholder’squity Total Liability and Equity 2009£21,1137,33625,135£53,58425,767£79,3512009£9,4934293,990£13,9127,79657,643£79,3512008£19,9303,27524,270£47,47519,720£67,1952008£7,2734163,180£10,8696,08850,238£67,195 Net Income(in thousands of pounds) Net Sales Cost of GoodsSold Other Operating Expenses Operating Profit Other Income Interest Tax Net Profit Dividends Retained Earnings 2009£113,26075,58625,832£6,6767,0616583,924£9,155£460£8,6952008£96,69565,03926,208£5,4486,2805203,362£7,846£441£7,405 (all sales and purchases are credit) The average inventory for the StarrKnight Corporation in 2009 is __________ .
A) £12,567.50 B) £12,883.50 C) £23,837.50 D) £24,702.50 E) £25,567.50
Correct Answer:
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