Sarasota Company has been operating for several years, and on December 31, 2025, presented the following...

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Sarasota Company has been operating for several years, and on December 31, 2025, presented the following balance sheet: Cash Receivables Inventory Plant assets (net) (a) (b) (c) (d) SARASOTA COMPANY Balance Sheet December 31, 2025 Current ratio $19,300 Acid-test ratio 38,900 43,300 120,000 $221,500 The net income for 2025 was $12,100. Assume that total assets are the same in 2024 and 2025. (a1) Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) Accounts payable Mortgage payable Common stock ($1 par) Retained earnings Debt to total assets Rate of return on assets $40,100 71,600 82,000 $221,500 27,800 % % 'times times Sarasota Company has been operating for several years, and on December 31, 2025, presented the following balance sheet: Cash Receivables Inventory Plant assets (net) (a) (b) (c) (d) SARASOTA COMPANY Balance Sheet December 31, 2025 Current ratio $19,300 Acid-test ratio 38,900 43,300 120,000 $221,500 The net income for 2025 was $12,100. Assume that total assets are the same in 2024 and 2025. (a1) Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) Accounts payable Mortgage payable Common stock ($1 par) Retained earnings Debt to total assets Rate of return on assets $40,100 71,600 82,000 $221,500 27,800 % % 'times times

Answer rating: 100% (QA)

The image youve provided shows a balance sheet for Sarasota Company as of December 31 2025 and requests the computation of several financial ratios He... View the full answer