Question

Using the balance sheet of Angelina's Jewelry Company at the end of July shown below, calculate all four financial ratios (quick, current, debt, and debt-to-equity) for the business.
Assets Liabilities Current assets Short term liabilities cash 1000 Accounts Payable 1000
Inventory 1000 Short-term loans 500 Securities 1000 Total short term Liab. 1500
Total current assets 3000 Total Long term Liab. 1500 Long-term assets 7000 Owner's Equity 7000. Total assets 10,000 total Liabilities + OE 10,000 **Must give each equation and then calculate all four financial ratios (quick, current, debt, and debt-to-equity)



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  • CreatedSeptember 19, 2013
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