Question: COMPUTING RATIOS DATA ASSETS Cash $100,000 Accounts receivable 30,000 Inventory 50,000 Prepaid expenses 10,000 Total current assets $190,000 Gross plant and equipment $401,000 Accumulated depreciation

COMPUTING RATIOS DATA ASSETS Cash $100,000 Accounts receivable 30,000 Inventory 50,000 Prepaid expenses 10,000 Total current assets $190,000 Gross plant and equipment $401,000 Accumulated depreciation -66,000 Net plant and equipment $335,000 Total assets $525,000 DEBT AND EQUITY Accounts payable $90,000 Accrued liabilities 63,000 Total current debt $153,000 Long-term debt 120,000 Common stock 205,000 Retained earnings 47,000 Total debt and equity $525,000 Sales $210,000 Cost of goods sold -90,000 Gross profit $120,000 Selling, general, and administrative expenses -29,000 Depreciation expense -26,000 Operating income $65,000 Interest expense -8,000 Earnings before taxes $57,000 Taxes -16,000 Earnings availabl

Current Ration

debt ration

net operating profit ration

ROE

stock turn over

debtor turnover ration

Acid turnover ration

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