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1. Financial statements for Grange Company appear below (See announcement section in Canvas for the balance sheet): SHOW YOUR WORK Required: Compute the following ratios

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1. Financial statements for Grange Company appear below (See announcement section in Canvas for the balance sheet): SHOW YOUR WORK Required: Compute the following ratios for 2018 and answer the question that follows: A. Current B. Quick Ratio C. Earnings per share D. Number of Days Sales In Receivable E. Number of Days Sales In Inventory F. Liabilities to Equity Question: Based on the calculated ratios (or any other ratios you see fit), would you have any concerns about the company above? Which ratios give you some concern? Why? EXPLAIN YOUR ANSWERS. 1. Financial statements for Grange Company appear below (See announcement section in Canvas for the balance sheet): SHOW YOUR WORK Required: Compute the following ratios for 2018 and answer the question that follows: A. Current B. Quick Ratio C. Earnings per share D. Number of Days Sales In Receivable E. Number of Days Sales In Inventory F. Liabilities to Equity Question: Based on the calculated ratios (or any other ratios you see fit), would you have any concerns about the company above? Which ratios give you some concern? Why? EXPLAIN YOUR ANSWERS

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