Description of this paper

Using the following data, compute the current ratio

Description

solution


Question

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.. 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.

 

Paper#25251 | Written in 18-Jul-2015

Price : $27
SiteLock