The following data apply to items (a) through (g):

Required
Answer the following multiple-choice questions:
a. The acid-test ratio for 2009 is
1. 1.1-to-1.
2. 0.9-to-1.
3. 1.8-to-1.
4. 0.2-to-1.
5. 0.17-to-1.
b. The average number of days€™ sales outstanding in 2009 is
1. 18 days.
2. 360 days.
3. 20 days.
4. 4.4 days.
5. 80 days.
c. The times interest earned ratio for 2009 is
1. 3.0 times.
2. 1.0 time.
3. 72.0 times.
4. 2.0 times.
5. 6.0 times.
d. The asset turnover in 2009 is
1. 3.2 times.
2. 1.7 times.
3. 0.4 time.
4. 1.1 times.
5. 0.13 time.
e. The inventory turnover in 2009 is
1. 13.6 times.
2. 12.5 times.
3. 0.9 time.
4. 7.0 times.
5. 51.4 times.
f. The operating income margin in 2009 is
1. 2.7%.
2. 91.7%.
3. 52.5%.
4. 95.8%.
5. 8.3%.
g. The dividend payout ratio in 2009 is
1. 100%.
2. 36%.
3. 20%.
4. 8.8%.
5.33.3%.

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JOHANSON COMPANY Statement of Financial Position December 31, 2008 and 2009 In thousands) Assets Current assets: 2008 2009 Cash and temporary investments Accounts receivable (net) Inventories S 380 1,500 2,120 S 400 1,700 2,200 Total current assets Long-term assets: 500 4,700 5.200 $9,500 Land Building and equipment (net) 500 4,000 Total long-term assets Total assets $8,500 Liabilities and Equities Current liabilities Accounts payable Curent portion oflong-term debt $ 700 500 1,200 4,000 5,200 $1,400 1,000 2,400 3,000 5,400 Total curent liabilities Long-term debt Tota liabilities In thousands) 2008 2009 Stockholders' equity: Common stock Retained eamings 3,000 300 3,300 $8,500 3,000 1,100 Total stockholders equity Total habilities and equities $9,500 JOHANSON COMPANY Statement of Income and Retained Earnings For the Year Ended December 31, 2009 (In thousands) Net sales Less: Cost of goods sold $28,800 Selling expenses Administrative expenses Interest Income taxes $15,120 7,180 4,100 400 800 27,600 1,200 300 1,500 400 S 1,100 Net income Retained eamings, January 1 Subtotal Cash dividends declared and paid Retained eamings, December 31