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

the first answer is A, please explain the first answer is A, please explain USE THE FOLLOWING INFORMATION FOR

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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