Question: Using the Financial Statements... calculate the ratios current ratio quick ratio cash ratio return on equity return on assets equity multiplier total asset turnover profit
Using the attached Financial Statements, calculate the following ratios: Current Ratio Quick Ratio Cash Ratio Return on Equity Return on Assets Equity Multiplier Total Asset Turnover Profit Margin Current Assets: Cash Accounts Receivable Merchandise Inventory Total Assets Current Liabilities: Accounts Payable Accrued Liabilities Long-term Assets: $ Plant Assets Accumulated Depreciation Plant Assets $ Long-term Liabilities: Notes Payable Mahony, Inc Balance Sheet December 31, 2021 Total Liabilities Common Stock Retained Earnings Treasury Stock Assets Liabilities $ $ $ Stockholders' Equity $ $ $ $ $ S Total Stockholders' Equity Total Liabilities and Stockholders' Equity S 5 29,000 74,000 156,000 507,000 (47,000) 719,000 85,000 9,000 160,000 254,000 370,000 115,000 (20,000) 465,000 719,000 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries and Wage Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses: Operating Income Mahony, Inc. Income Statement Year Ended December 31, 2021 Other Revenue and (Expenses) Interest Revenue Dividend Revenue Gain on disposal of plant assets i Interest Expense Total Other Revenue and (Expenses) Income before Income Taxes Income Tax Expense Net Income $ 74,000 $ 22,000 $ 25,000 $ 13,000 $ 9,000 $ 11,000 $(14,000) $ 304,000 $164,000 $ 140,000 $ 121,000 $ 19,000 $ 19,000 $ 38,000 $ (4,500) $ 33,500
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