Can the following ratios be obtained from the below statement? If so, please explain and show working
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Can the following ratios be obtained from the below statement? If so, please explain and show working
1. Working Capital Ratio (current assets / current liabilities)
2. Quick Ratio (total amount of a company's quick assets divided by the sum of its net liabilities).
3. Gross Profit Ratio ((Gross Profit / Net Sales) x 100)
4. Net Profit Ratio ((Net Profit/Total revenue) x 100).
5. Solvency, debt-to-asset ratio (total debts / total assets)
6. debt-to-equity (total debts / total shareholder equity).
Related Book For
Auditing A Practical Approach
ISBN: 9780730382645
4th Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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