Find the current ration and debt to equity? Assets Current assets: Cashi Accounts receivable Inventory Long-term assets.

Find the current ration and debt to equity?

 

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Assets Current assets: Cashi Accounts receivable Inventory Long-term assets. Total assets Dalance Des December 31, 2021 and 2020 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings. Total liabilities and stockholders' equity Average collection period Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 50% 2021 $ 610,000 1,420,000 1,820,000 Industry averages for the following four risk ratios are as follows: $ 770,000 1,010,000 1,410,000 4,810,000 4,250,000 $8,660,000 $7,440,000 2020 $2,010,000 $1,670,000 2,310,000 2,410,000 1,990,000 1,990,000 2,350,000 1,370,000 $8,660,000 $7,440,000 Assets Current assets: Cashi Accounts receivable Inventory Long-term assets. Total assets Dalance Des December 31, 2021 and 2020 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings. Total liabilities and stockholders' equity Average collection period Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 50% 2021 $ 610,000 1,420,000 1,820,000 Industry averages for the following four risk ratios are as follows: $ 770,000 1,010,000 1,410,000 4,810,000 4,250,000 $8,660,000 $7,440,000 2020 $2,010,000 $1,670,000 2,310,000 2,410,000 1,990,000 1,990,000 2,350,000 1,370,000 $8,660,000 $7,440,000

Answer rating: 100% (QA)

Current ratio is a liquidity ratio that measures a companys ability to pay its shortterm obligations ... View the full answer