The following data were reported by Universe Company at year-end: Total assets Quick assets Noncurrent assets...
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The following data were reported by Universe Company at year-end: Total assets Quick assets Noncurrent assets Current liabilities Long-term liabilities Common stock (par $10) Total stockholders' equity $525,000 105,000 A. Debt-to-equity B. Current ratio 375,000 75,000 75,000 170,000 375,000 Required: Calculate each of the following ratios. Note: Round your answers to 2 decimal places. C. Quick ratio D. Which of the above ratios, if any, are liquidity ratios? E. Which of the above ratios, if any, are profitability ratios? The following data were reported by Universe Company at year-end: Total assets Quick assets Noncurrent assets Current liabilities Long-term liabilities Common stock (par $10) Total stockholders' equity $525,000 105,000 A. Debt-to-equity B. Current ratio 375,000 75,000 75,000 170,000 375,000 Required: Calculate each of the following ratios. Note: Round your answers to 2 decimal places. C. Quick ratio D. Which of the above ratios, if any, are liquidity ratios? E. Which of the above ratios, if any, are profitability ratios?
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Answer rating: 100% (QA)
Here are the calculations for each of the ratios you requested A Debttoequity ratio Debttoequity ratio Total liabilities Longterm liabilities Total st... View the full answer
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781260881240
8th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
Posted Date:
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