USE THE DATA IN THE TABLE BELOW TO ANSWER QUESTIONS $2-8$

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.

Item $20222023$

Accounts payable $570370$

Accounts receivable $530???$

Accruals $1,0201,120$

Cash $320570$

Common Stock $2,0202,270$

COGS $4,0204,260$

Depreciation expense $220370$

Interest expense $190210$

Inventories $3,0203,270$

Long$-$term debt $1,5201,670$

Net fixed assets $2,7202,520$

Notes payable $770600$

Operating expenses $($excl$.$ depr.$)320450$

Retained earnings $???820$

Sales $5,0206,020$

Taxes $140160$

$2.$ The $2023$ accounts receivable was $$\_\_\_\_\_\_.$

a$.510$

b$.490$

c$.450$

d$.550$

e$.370$

$3.$ The operating profit margin in $2023$ was $\_\_\_\_\_\_\%.$

a$.8\mathrm{.}99$

b$.9\mathrm{.}25$

c$.15\mathrm{.}61$

d$.12\mathrm{.}00$

e$.11\mathrm{.}26$

$4.$ The cost of goods sold on a common size income statement in $2023$ was $\_\_\_\_\_\_\%.$

a$.71\mathrm{.}23$

b$.70\mathrm{.}76$

c$.74\mathrm{.}50$

d$.77\mathrm{.}98$

e$.75\mathrm{.}14$

$5.$ If dividends paid in $2022$ were $$30,$ the $2021$ Retained Earnings balance was $$\_\_\_\_\_\_.$

a$.590$

b$.550$

c$.790$

d$.630$

e$.650$

$6.$ The firm$$s return on equity $($ROE$)$ for $2023$ is $\_\_\_\_\_\_\%.$

a$.9\mathrm{.}39$

b$.15\mathrm{.}36$

c$.8\mathrm{.}74$

d$.18\mathrm{.}45$

e$.7\mathrm{.}25$

$7.$ The cash flow from operating activities in $2023$ was $$\_\_\_\_\_\_.$

a$.430$

b$.350$

c$.405$

d$.330$

e$.630$

$8.$ The company spent $$\_\_\_\_\_\_$ on new Fixed Assets in $2023.$

a$.170$

b$.190$

c$.210$

d$.150$

e$.250$