Refer to the following selected balances from the balance sheet and income statement. Cash $ 13,000 Accounts
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Question:
Refer to the following selected balances from the balance sheet and income statement.
Cash | $ 13,000 | |||
Accounts receivable | 30,428 | |||
Inventory | 53,586 | |||
Net plant and equipment | 367,241 | |||
Accounts payable | 46,382 | |||
Notes payable | 18,246 | |||
Long-term debt | 49,000 | |||
Common stock and paid in surplus | 50,000 | |||
Retained earnings | 300,627 | |||
Sales | 250,253 | |||
Profit margin | 0.25 |
Calculate the following:
- Current ratio
- Quick ratio
- Debt-equity ratio
- Total Asset Turnover
- Return on equity
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