USE THE DATA IN THE TABLE BELOW TO ANSWER QUESTIONS $9-17$

The balance sheet accounts listed below are the only items on the company$$s balance sheet for each year and the

income statement accounts are the only items on the company$$s income statement for each year.

Category $20222023$

Accounts payable $8,6008,300$

Accounts receivable $8,9507,740$

Accruals $5,2105,710$

Additional paid in capital $9,0009,700$

Cash $12,60011,710$

Common Stock $2,0002,500$

COGS $37,91041,480$

Depreciation expense $2,5004,400$

Interest expense $5,0006,000$

Inventories $5,195???$

Long$-$term debt $7,5608,450$

Net fixed assets $52,42561,920$

Notes payable $4,4003,900$

Operating expenses $($excl$.$ depr.$)23,49025,740$

Retained earnings $42,40048,200$

Sales $80,50089,800$

Taxes $3,3004,100$

$9.$ Inventories in $2023$ were $$\_\_\_\_\_\_\_\_\_\_.$

a$.4,890$

b$.5,390$

c$.5,990$

d$.6,430$

e$.7,040$

$10.$ Net income in $2023$ was $$\_\_\_\_\_\_.$

a$.7,680$

b$.7,880$

c$.8,080$

d$.8,780$

e$.9,680$

$11.$ Cash flows from operating activities in $2023$ was $$\_\_\_\_\_\_\_\_.$

a$.10,435$

b$.11,005$

c$.12,895$

d$.13,695$

e$.13,795$

$12.$ Cash flows from financing activities in $2023$ was $$\_\_\_\_\_\_.$

a$.-90$

b$.-290$

c$.-590$

d$.-690$

e$.-990$

$13.$ Cash flows from investing activities in $2023$ was $$\_\_\_\_\_\_.$

a$.-13,295$

b$.-13,495$

c$.-13,695$

d$.-13,895$

e$.-14,095$

$14.$ Current ratio in $2023$ was $$\_\_\_\_\_\_\_\_\_\_.$

a$.1\mathrm{.}13$

b$.1\mathrm{.}36$

c$.1\mathrm{.}39$

d$.1\mathrm{.}42$

e$.1\mathrm{.}87$

$15.$ How was the return on assets $($ROA$)$ in $2023$ compared with that in $2022?$

a$.$ ROA in $2023$ is better because it is lower than that in $2022.$

b$.$ ROA in $2023$ is better because it is higher than that in $2022.$

c$.$ ROA in $2023$ is worse because it is lower than that in $2022.$

d$.$ ROA in $2023$ is worse because it is higher than that in $2022.$

e$.$ ROA is the same in $2023$ that it was in $2022.$

$16.$ COGS in $2023$ were $\_\_\_\_\_\%$ on a common$-$sized income statement.

a$.45\mathrm{.}13$

b$.45\mathrm{.}80$

c$.46\mathrm{.}19$

d$.46\mathrm{.}29$

e$.46\mathrm{.}40$

$17.$ ROE in $2023$ was $\_\_\_\_\%.$

a$.12\mathrm{.}72$

b$.13\mathrm{.}05$

c$.13\mathrm{.}38$

d$.14\mathrm{.}11$

e$.14\mathrm{.}59$