Question 31 (1 point) The following data came from the financial statements of PAAC Company: Total assets |$205,000 Total liabilities 95,000 Total stockholders' equity 110,000 Operating profit 60,000 Interest expense 1500 Compute the debt-to-equity ratio (rounded to two decimal places) for PAAC Company. A) 1.86 B) 0.54 C) 0.86 D) 1.16 Question 32 (1 point) A company has a gross profit margin ratio of 25% and reported net sales of $5,000. If inventory at the beginning of the year was $400, and purchases of inventory were $4,000, and purchase returns were $100, then inventory at the end of the year must be: A) $450 B) $650 C) $550 D) $625 Question 33 (1 point) A horizontal analysis is being conducted with year one as the base year. If year one equals $900, year two equals $960, and year three equals $995, the percentage of the base period for year three is A) 111%. B) 106%. C) 100%. D) 89%. Question 34 (1 point) The return on common shareholders' equity ratio is affected by the A) times interest earned and debt to total assets ratios. B) return on assets and debt to total assets ratios. gross profit margin and profit margin ratio. D) profit margin and free cash flow. Question 35 (1 point) A company has average inventory on hand of $40,000 and its average days in inventory is 26.4 days. What is the cost of goods sold? A) $480,000 B) $553,030 C) $1,056,000 OD) $486,667