From the following Balance Sheet of a company you are required to calculate (1) Current Ratio,(2) Debt
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Question:
From the following Balance Sheet of a company you are required to calculate (1) Current Ratio,(2) Debt Equity Ratio and (3) Solvency Ratio
Balance Sheet
Liabilities | $ | Assets | $ |
Common Stock | 2,000,000 | Fixed Assets | 2,400,000 |
Debentures | 1,000,000 | Current Assets | 1,600,000 |
Current Liabilities | 1,000,000 | ||
Total | 4,000,000 | Total | 4,000,000 |
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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