Q • Question 1 0.2 out of 0.2 points What is the ability of a business to meet its financial obligations (pay its long-term debts) called? • Question 2 0.2 out of 0.2 points A company reports earnings per share on common stock of $2.00 when the market price of per share of common stock is $50.000. What is the company’s price-earnings ratio? • Question 3 0.2 out of 0.2 points A company reports the following: Net income $340,000 Preferred dividends $40,000 Shares of common stock outstanding 40,000 Market price per shares of common stock $60.00 What is the company’s earnings per share on common stock? • Question 4 0.2 out of 0.2 points A company reports the following: Net sales $600,000 Average accounts receivable (net) 60,000 What is the number of days’ sales in receivables? Round to one decimal place. • Question 5 0.2 out of 0.2 points A leverage ratio that measures the margin of safety of long-term creditors, calculated as the net fixed assets divided by the long-term liabilities is called what?

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