Use the following information to calculate the below financial ratios. (7 marks) Account Cash Adjusted balance...

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Use the following information to calculate the below financial ratios. (7 marks) Account Cash Adjusted balance as of Dec 31, 2023 $3,500 Accounts receivable $2,000 Prepaid expense $2,900 Unearned revenue $2,000 Accounts payable $1,000 Owner's equity Profit for the year . Current ratio (2 marks) Debt to equity ratio (2 marks) Return on asset (2 marks) Return on equity (1 marks) $5,400 $1,000 Use the following information to calculate the below financial ratios. (7 marks) Account Cash Adjusted balance as of Dec 31, 2023 $3,500 Accounts receivable $2,000 Prepaid expense $2,900 Unearned revenue $2,000 Accounts payable $1,000 Owner's equity Profit for the year . Current ratio (2 marks) Debt to equity ratio (2 marks) Return on asset (2 marks) Return on equity (1 marks) $5,400 $1,000

Answer rating: 100% (QA)

1 Current Ratio can be computed by using the formula Cash Accounts ... View the full answer