Question: the first answer is A, please explain USE THE FOLLOWING INFORMATION FOR THE FIRST EIGHT PROBLEMS 10.5 BMC CORPORATION INCOME STATEMENT FISCAL YEAR ENDING 12/31/2018
USE THE FOLLOWING INFORMATION FOR THE FIRST EIGHT PROBLEMS 10.5 BMC CORPORATION INCOME STATEMENT FISCAL YEAR ENDING 12/31/2018 (DOLLARS IN THOUSANDS) w edW $1025 682 343 Net Sales Cost of Goods Sold Gross Profit Margin Depreciation Operating Expense Administrative Expense Operating Profit Interest h de 8.0 31 103 127 82 27 55 17 $38 Profit Before Tax es Net Income BMC CORPORATION BALANCE SHEET 2ow indWo og on FISCAL YEAR ENDING 12/31/2018 (DOLLARS IN THOUSANDS) LIABILITIES Notes payable Accounts payable Accruals Total current liabilities ASSETS Cash A/R $223 $61 286 152 201.0 32 407 306 Inventory Current assets Net fixed assets 354 701 802 a terlW Long term debt Common stock ($1.50 par) Paid in surplus Retained earnings Total liabilities and 102 226 nd 462 Stockholders' equity 2 ni banl Net hicame ROE = Total assets $1503 $1503 1. What was BMC'S return on equity in 2018? Glare hddms Equity . A) 4.8% b) 5.9% c) 6.7% d) 8.3% e) 11.6% 2. What was BMC'S quick ratio for 2018? a) b) c) D) e) the tinied A00.0 1.72 1.37 1.02 0.85 zero. cots 0.55
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