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Question - The following data pertain to Charlie Company for the year ended December 31,2018:
Accounts payable 35,000
Accounts receivable 70,000
Accrued liabilities 25,000
Cash 85,000
Inventory 45,000
Net sales 250,000
Note payable (due in 2019) 40,000
Profit 37,500
Trading securities 50,000
Total assets 400,000
Total liabilities 160,000
Required: Calculate the following ratios:
A. Current Ratio
B. Acid test ratio
C. Debt ratio
D. Return on sales.
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tamar co. manufactures a single product in one department. all direct materials are added at the beginning of the
Assume that Skippito, Inc., has the following data: Net Income for 2010 - $223,000. Calculate Skippito's return on equity for 2010
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eller company is preparing itsmaster budget for 2008. relevant data pertaining to its salesbudget are as followssales
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