Question: Need help with the 2 ratios at the bottom. Please show work/formulas! The balance sheets for Crosby Inc. and Gretzky Company reflect the following. Crosby
The balance sheets for Crosby Inc. and Gretzky Company reflect the following. Crosby Inc Gretzky Inc. Current liabilities $ 12.000 $ 12,000 Long-term liabilities 15,000 92,000 Stockholders equity Common stock $5 par 68,000 18,400 696 Preferred stock $10 par cumulative 20,000 8.000 Retained earnings 24,000 12,000 Total liabilities and stockholders equity $139,000 $142.400 Net income included in above retained earnings amount $20,000 $8.000 Common stockholders equity prior 90,000 36,000 year Compute the following ratios, rounding your answers to two decimal places, Crosby Inc. Gretzky Inc. a. Compute the total liabilitles-to-equity ratio. 0.24 2.71 OX OX b. Compute the return on equity ratio. 0 x OX cCompute book value per share of common stock
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