Compute the current ratio

Assignment Help Finance Basics

Reference no: EM13754263

Using the following data, compute the current ratio. Return on sales, asset turnover, and return on equity.

Accounts Payable $ 3,500

Accounts Receivable 6,000

Building 65,000

Cash 2,100

Capital Stock 24,300

Inventory 4,100

Land 14,000

Long-Term Notes Payable 32,000

Market Value of Equity 103,000

Net Income 10,000

Retained Earnings (ending) 24,000

Sales 105,000

Short-Term Notes Payable 5,700

Stockholders' Equity 48,300

Unearned Revenue 1,700

Round your answer to two decimal places.

Additional Requirements

Min Pages: 1

Level of Detail: Show all work

Reference no: EM13754263

Questions Cloud

An increase in the supply of tennis racquets : 1. Which of the following would you expect to decrease the demand for tennis racquets? a. A decrease in the price of tennis balls which are complements in consumption of tennis racquetsb. An increase in the supply of tennis racquets

Why many feminist artists embraced craft media : Why Many feminist artists embraced craft media?

An industry has 1000 competitive firms : An industry has 1000 competitive firms, each producing 50 tons of output. At the current market price of $10, half of the firms have a short-run supply curve with a slope of 1; the other half each have a short-run supply curve with slope 2.

Identifying strategy used to determine meaning of to a mouse : After reading the following lines from "To a Mouse," translate each word in italics, identifying the strategy you used to determine each word's meaning.

Compute the current ratio : Using the following data, compute the current ratio. Return on sales, asset turnover, and return on equity.

The economics department implemented a new grading policy : The economics department implemented a new grading policy, where the student's overall score is the minimum of the number of correct answers the student gets on two exams. The student's utility function is U(S, M)=S-[(1/2)A(M^2)], where S is the stud..

The chair of the federal reserve to manage the trading : You are hired by the Chair of the Federal Reserve to manage the trading desk at the New York Fed and the Chair tells you that he wants you to increase the money supply (M1) by 33.33 percent. They warn you to be careful because in these uncertain time..

User Account

All Pages