The following balances were reported in the financial statements for Rudy Company. Required 1. Compute the following

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The following balances were reported in the financial statements for Rudy Company.

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Required

1. Compute the following ratios for 2019 and 2018 for Rudy Company.

a. Return on sales ratio

b. Current ratio

c. Debt-to-total-assets ratio

2. Comment on changes to Rudy Company's profitability, liquidity, and solvency.

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Financial Accounting For Undergraduates

ISBN: 9781618533081

4th Edition

Authors: Wallace

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Question Posted: May 16, 2024 05:02 AM

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The following balances were reported in the financial statements for Rudy Company. Required 1. Compute the following

Question:

Net sales. Net income Current assets Current liabilities. Total liabilities.. Total assets 2019 2018 $1,700,000 $1,750,000 170,000 204,750 408,000 525,000 170,000 210,000 496,000 661,500 1,550,000 2,450,000

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Sure I can help you with that Based on the table provided here are the computed ratios for Rudy Company for 2019 and 2018 a Return on Sales Ratio ROS 2019 ROS Net Income Net Sales x 100 170000 1700000 ...View the full answer

Financial Accounting For Undergraduates

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