2024 – Use the following information to calculate the liquidity and profitability ratios listed below Round
Accounting – 2024
Use the following information to calculate the liquidity and profitability ratios listed below. Round to two decimal places.
|
Average owner’s equity |
$14,000 |
|
Net income |
$ 2,100 |
|
Average total assets |
21,000 |
|
Net sales |
17,500 |
|
Current assets |
15,000 |
|
Total liabilities |
10,500 |
|
Current liabilities |
10,000 |
|
|
|
a. Current ratio
b. Working capital
c. Return on equity
d. Profit margin
e. Debt to equity ratio
f. Return on assets
g. Asset turnover
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