Ace Bonding Company purchased merchandise inventory on account. The inventory costs $3,700 and is expected to sell for $6,400. How should Ace record the purchase? Inventory 3,700 Accounts payable 3,700 Cost of goods sold 3,700 Deferred sales revenue 2,700 Sales in advance 6,400 Cost of goods sold 3,700 Inventory payable 3,700 Cost of goods sold 3,700 Profit 2,700 Sales payable 6,400

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld