Maria's Bakery reported the following financial statements for last year. Income Statement Sales Costs of Goods...

   

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Maria's Bakery reported the following financial statements for last year. Income Statement Sales Costs of Goods Sold Depreciation Interest Tax Net Income $69,650 Dividends $51,240 $4,000 $5,820 $1,804 6,786 $2,360 Addition to Retained Earnings $4,426 Balance Sheet Cash Accounts Receivable $8,400 Inventory Net Fixed Assets $9,300 Accounts Payable Total Assets $8,460 Long-term Debt $31,900 Retained Earnings Common Stock $14,450 Calculate the company's current ratio. $26,800 $8,700 $8110 $58,060 Total Liabilites and Owner's Equity $58,060 Il Proctorio is sharing your screen. Calculate the company's inventory turnover ratio. Maria's Bakery reported the following financial statements for last year. Income Statement Sales Costs of Goods Sold Depreciation Interest Tax Net Income $69,650 Dividends $51,240 $4,000 $5,820 $1,804 6,786 $2,360 Addition to Retained Earnings $4,426 Balance Sheet Cash Accounts Receivable $8,400 Inventory Net Fixed Assets $9,300 Accounts Payable Total Assets $8,460 Long-term Debt $31,900 Retained Earnings Common Stock $14,450 Calculate the company's current ratio. $26,800 $8,700 $8110 $58,060 Total Liabilites and Owner's Equity $58,060 Il Proctorio is sharing your screen. Calculate the company's inventory turnover ratio.

Answer rating: 100% (QA)

Financial Ratio Calculations for Marias Bakery 1 Current Ratio The current ratio measures a companys ... View the full answer