The following information is available for ABC Limited Total Assets $1,000,000 Total Liabilities $600,000 Total Share Capital $300,000 Total Retained Earnings $100,000 Calculate the following a) Current Ratio b) Debt to Equity Ratio c) Return on Equity ...

The detailed answer for the above question is provided below a Current Ratio The current rat ...

The following information is available for ABC Limited: Total Assets = $1,000,000 Total Liabilities = $600,000 Total

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Question:

The following information is available for ABC Limited:

Total Assets = $1,000,000
Total Liabilities = $600,000
Total Share Capital = $300,000
Total Retained Earnings = $100,000

Calculate the following:

a) Current Ratio

b) Debt to Equity Ratio

c) Return on Equity

Related Book For answer-question

Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Feb 09, 2023 11:36 PM

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The following information is available for ABC Limited: Total Assets = $1,000,000 Total Liabilities = $600,000 Total

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The detailed answer for the above question is provided below a Current Ratio The current rat... View the full answer

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