The following data were reported for Favre Company:
Calculate each of the following ratios.Round your answers to two decimal places.
A.Dividend yield
B.Price/earnings ratio
C.Quality of income

The Calvin-Dogwood Partnership owns inventory that was purchased for $90,000, has a current replacement cost of $85,900, and is priced to sell for $125,000. At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted?

A) $129,100
B) $85,900
C) $90,000
D) $125,000

Refer to Figure 4.3. At an effective price ceiling for pencils,

A) quantity demanded is greater than quantity supplied.
B) quantity demanded is less than quantity supplied.
C) quantity demanded is equal to quantity supplied.
D) price is above equilibrium.

Total partners' equity of a partnership is equal to the sum of all partners' capital account balances.