Question: Assets 2 0 2 1 2 0 2 2 Liabilities and Owners Equity 2 0 2 1 2 0 2 2 Current assets Current liabilities
AssetsLiabilities and Owners EquityCurrent assetsCurrent liabilitiesCash$ $ Accounts payable$ $ Accounts receivableNotes payableInventoryTotal$ $ Total$ $ Longterm debt$ $ Owners equityCommon stock and paidin surplus$ $ Fixed assetsAccumulated retained earningsNet plant and equipment$ $ Total$ $ Total assets$ $ Total liabilities and owners equity$ $
Based on the balance sheets given, calculate the following financial ratios for each year:
Current ratio.
Note: Do not round intermediate calculations and round your answers to decimal places, eg
Quick ratio.
Note: Do not round intermediate calculations and round your answers to decimal places, eg
Cash ratio.
Note: Do not round intermediate calculations and round your answers to decimal places, eg
Debtequity ratio and equity multiplier.
Note: Do not round intermediate calculations and round your answers to decimal places, eg
Total debt ratio.
Note: Do not round intermediate calculations and round your answers to decimal places, eg
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