Calculate the ratios and answer the questions below. Add more space to the yellow boxes if...
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Calculate the ratios and answer the questions below. Add more space to the yellow boxes if you need to. Joshua & White Technologies: December 31 Balance Sheets (Thousands of Dollars) Assets Cash and cash equivalents 2023 $21,000 2022 $20,000 Short-term investments 3,759 3,240 Accounts Receivable 52,500 48,000 Inventories 84,000 56,000 Total current assets $161,259 $127,240 Net fixed assets 223,097 200,000 Total assets $384.356 $327.240 Liabilities and equity Accounts payable $33,600 $32,000 Accruals 12,600 12,000 Notes payable 19,929 6,480 Total current liabilities $66,129 $50,480 Long-term debt 67,662 58,320 Total liabilities $133,791 $108,800 Common stock 178,440 178,440 Retained Earnings 72,125 40,000 Total common equity $250,565 $218,440 Total liabilities and equity $384,356 $327.240 Calculate the ratios and answer the questions below. Add more space to the yellow boxes if you need to. Joshua & White Technologies: December 31 Balance Sheets (Thousands of Dollars) Assets Cash and cash equivalents 2023 $21,000 2022 $20,000 Short-term investments 3,759 3,240 Accounts Receivable 52,500 48,000 Inventories 84,000 56,000 Total current assets $161,259 $127,240 Net fixed assets 223,097 200,000 Total assets $384.356 $327.240 Liabilities and equity Accounts payable $33,600 $32,000 Accruals 12,600 12,000 Notes payable 19,929 6,480 Total current liabilities $66,129 $50,480 Long-term debt 67,662 58,320 Total liabilities $133,791 $108,800 Common stock 178,440 178,440 Retained Earnings 72,125 40,000 Total common equity $250,565 $218,440 Total liabilities and equity $384,356 $327.240
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