The following information is available for ABC Limited: Total Assets = $1,000,000 Total Liabilities = $600,000 Total
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Question:
The following information is available for ABC Limited:
- Total Assets = $1,000,000
- Total Liabilities = $600,000
- Total Share Capital = $300,000
- Total Retained Earnings = $100,000
Calculate the following:
a) Current Ratio
b) Debt to Equity Ratio
c) Return on Equity
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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