The following data were taken from the financial statements of Orion Systems Inc. for the current fiscal

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The following data were taken from the financial statements of Orion Systems Inc. for the current fiscal year:


The following data were taken from the financial statements of 119874


Assuming that total assets were $2,009,000 at the beginning of the year, determine the following: (a) Ratio of fixed assets to long-term liabilities,
(b) Ratio of liabilities to stockholders' equity,
(c) Asset turnover,
(d) Rate earned on total assets, and
(e) Rate earned on stockholders' equity. Round to two decimalplaces.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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