Question: Current Attempt in Progress Marigold Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. MARIGOLD COMPANY BALANCE

Current Attempt in Progress Marigold Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. MARIGOLD COMPANY BALANCE SHEET DECEMBER 31, 2020 Cash $72,200 Receivables 151,200 Inventory $40,600 Accounts payable 77,300 Mortgage payable 92,200 Common stock ($1 par) 203,500 Retained earnings $413,600 142,500 Plant assets (net) 47,700 $413,600 The net income for 2020 was $23,300. Assume that total assets are the same in 2019 and 2020. (a) Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio (d) Return on assets % %
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