Information taken from Applied Technology's comparative balance sheet is provided in the Working Papers. Your instructor will
Question:
Information taken from Applied Technology's comparative balance sheet is provided in the Working Papers. Your instructor will guide you through the following problem.
1. Calculate the following short-term financial strength analysis ratios for the current year and prior year. Round ratios to the nearest .1 (tenth). Your instructor will guide you through the examples.
a. Working capital
b. Current ratio
c. Acid-test ratio
d. Debt ratio
e. Equity ratio
f. Equity per share
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