Question: Below are numbers from a balance sheet and income statement. Construct the financial ratios requested below. Sales 517288 Operating Costs 370373 Depreciation Expense 10000 Interest
Below are numbers from a balance sheet and income statement. Construct the financial ratios requested below.
Sales 517288 Operating Costs 370373 Depreciation Expense 10000 Interest Expense 5000 Tax Expense 29408 Cash 1000 Receivables 30000 Inventories 61728 Fixed Assets, Net 50000 Payables 11000 Accrued Expenses 10000 Long-Term Loan 50000 Common Equity 71728
Calculate: 1. Return on equity 2. Current ratio 3. Quick ratio 4. NWC-to-total-Assets (Working capital to assets)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
