For the following reaction which of the following statements is/are correct:

Identify the Lewis base in the reaction below.

Identify the Lewis base in the reaction below. 

During the current year, Acme Company reports sales of $2,842,000 and net income of $313,600. Acme’s total asset turnover is 1.45 and its debt-to-equity ratio is 0.75. What is the return on equity?

Acme Company is a calendar-year company that engages in various transactions on December 31, 20Y2. Which of the following statements regarding the initial effects of these transactions on Acme’s financial statement ratios for 20Y2 is true?

Acme Company has a current ratio of 1.28, an acid-test ratio of 0.53, and current liabilities of $345,000. What is the total book value of Acme’s inventory and prepaid expenses?

During the current year, Acme Company reports average total assets of $648,000, an average inventory balance of $155,520, a gross margin percentage of 40%, an inventory turnover ratio of 4.0, and an accounts receivable turnover ratio of 9.5. What is the total asset turnover? Round to one decimal place.

Each year, Acme Company extracts 12,000 pounds of mineral XZ from its mine at a cost of $25 per pound. Acme can sell the raw XZ for $31 a pound or process it further into metal ingots. The incremental variable costs of selling raw XZ are $4 per pound and there are no incremental fixed costs. It takes three pounds of XZ to make one ingot, which Acme can sell for $225 per ingot. The incremental variable costs are $48 per ingot and the annual traceable fixed costs related to producing and selling ingots include $258,000 of salaries and $103,000 of depreciation on production equipment that has no resale value. Customer demand for ingots is 4,000 units per year. How much higher is Acme’s annual operating income of producing and sells ingots as opposed to selling the raw XZ as is? Round to the nearest whole dollar and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).

Which of the following statements regarding the statement of cash flows is true?

Estrogen is NOT produced by which of the following structures?