Dan Young has prepared his annual financial statements in order to analyze the data. The data...
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Dan Young has prepared his annual financial statements in order to analyze the data. The data provided are items from Dan's balance sheet and income and expense statement. Use the data provided to calculate Dan's financial statement ratios, Enter your answers as percentages rounded to two decimal places. For example, 15006 would be entered as "15.01%. Dan's Financial Data Total liquid assets Total assets Total current debts Total net worth Total cash surplus Income after taxes Total monthly loan payments Monthly gross (before-tax) income Dan's solvency ratio: Dan's liquidity ratio: Dan's savings ratio: Dan's debt service ratio: $400 $8,000 $2,000 $2,800 $154.3333 $1,266 $278 $1,543.3333 % % 1% Dan Young has prepared his annual financial statements in order to analyze the data. The data provided are items from Dan's balance sheet and income and expense statement. Use the data provided to calculate Dan's financial statement ratios, Enter your answers as percentages rounded to two decimal places. For example, 15006 would be entered as "15.01%. Dan's Financial Data Total liquid assets Total assets Total current debts Total net worth Total cash surplus Income after taxes Total monthly loan payments Monthly gross (before-tax) income Dan's solvency ratio: Dan's liquidity ratio: Dan's savings ratio: Dan's debt service ratio: $400 $8,000 $2,000 $2,800 $154.3333 $1,266 $278 $1,543.3333 % % 1%
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Answer rating: 100% (QA)
To calculate the financial ratios well use the following formulas 1 Solvency Ratio Total Net W... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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