Compute the ratios-quick ratio and debt/equity ratio

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Reference no: EM131625380

Use the income statement and balance sheet that you created on Green Dating Service, Inc. to compute the following ratios.

Accounts Receivable 250,000 Accounts Payable 160,000

Capital Surplus 100,000 Cash 190,000

Common Stock 300,000 Costs 640,000

Depreciation Expense 40,000 Dividends 26,750

Net Furniture & Fixtures 200,000 Goodwill 80,000

Interest Expense 50,000 Inventory 175,000

Land 305,000 Line of Credit (used) 200,000

Long Term Loan 340,000 Retained Earnings ?

Sales 925,000 Tax rate 35%

Shares Outstanding 20,000

Quick Ratio __________________________ Debt/Equity Ratio _________________

Earnings Per Share ____________________ Profit Margin _____________________

Receivables Turnover __________________ Times Interest Earned _____________

Reference no: EM131625380

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