1. Quentins total debt to equity ratio on December 31 2004 is: 2.12 1.52 1.19 0.

1. Quentins total debt to equity ratio on December 31 2004 is: 2.12 1.52 1.19 0.532. Quentin Companys year-end 2004 total assets equals its year-end 2004 total liabilities and owners equity. This is most likely the result of the company following the: Historical Cost concept Dual-aspect concept Materiality concept Money measurement concept3. Quentins December 31 2003 inventory T-account debit balance was also $56000. During 2004 its inventory purchases amounted to $25000 and there were no inventory-related write-downs or losses. What was Quentins 2004 cost of goods sold expense? $5000 $67000 $20000 $450004. The next 6 questions refer to Carlita Companys 2004 Income Statement.Carlitas 2004 gross margin percentage is: 50% 33% 30% 25%