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The Following Information Is Available from the Annual Report of Frixell

Question 37

Multiple Choice

The following information is available from the annual report of Frixell, Inc.: Which of the following statements are correct? (More than one statement may be correct.)


A) The return on equity exceeds the return on assets.
B) The current ratio is .625 to 1.
C) Working capital is $1,200,000.
D) None of the above answers is correct.

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