Question: Financial statement data on 170 RV Park include the following: Requirements 1. Compute 170 RV Park's current ratio, debt ratio, and earnings per share. Round

Financial statement data on 170 RV Park include the following:

Cash Accounts receivable, net Inventories Total assets Short-term notes payable $ 47,000

Requirements 

1. Compute 170 RV Park's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places, and use the following format for your answer:

Accounts payable $ 96,000 123,000 Accrued liabilities 50,000 189,000 Long-term liabilities 224,000

Cash Accounts receivable, net Inventories Total assets Short-term notes payable $ 47,000 Accounts payable $ 96,000 123,000 Accrued liabilities 50,000 189,000 Long-term liabilities 224,000 833,000 Net income 110,000 72,000 Common shares outstanding 20,000

Step by Step Solution

3.53 Rating (153 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Managerial Accounting Questions!