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Compute bikenets current ratio and financial leverage ratio

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Reference no: EM132488930

Data for BikeNet Logistics most recent balance sheet and income statement is presented below:

Sales                                           $723,000

Cost of goods sold                          614,550

Interest expense                              33,000

Net income                                    $ 75,450

Cash & Mkt securities                     $ 120,000

Accts Receivables                             210,000

Accounts payable                            $ 92,000

Inventories                                     183,000

Long-term debt                              100,000

Net fixed assets                              320,000

Common equity                               641,000

Total assets                                 $833,000

Total liab. and equity                    $833,000

Question 1: Compute BikeNet's quick ratio (and times-interest-earned (TIE) ratio

Question 2: Compute BikeNet's current ratio and financial leverage ratio

Reference no: EM132488930

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