8. Math Use the information in Figure 3-1 to calculate the following ratios: (1) current assets to...
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8. Math Use the information in Figure 3-1 to calculate the following ratios: (1) current assets to long-term assets, (2) each category of assets to total assets, (3) current liabilities to long-term liabilities,
(4) each category of liabilities to total liabilities, (5) total assets to owner’s equity, and (6) total liabilities to owner’s equity. How do the ratios help you to understand the financial health of the company?
What additional information would be useful in analyzing the company’s financial condition?
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