Question
1- For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $29,000, accounts receivable $109,000, inventories $77,000, prepaid expenses $24,000, accounts
1- For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $29,000, accounts receivable $109,000, inventories $77,000, prepaid expenses $24,000, accounts payable $71,000, and accrued expenses $73,000.Use this information to determine the Current Ratio
2- For the FY 2018, Frederick Company had net sales of $950,000 and net income of $100,000, paid income taxes of $27,500, and had before tax interest expense of $17,500.Use this information to determine the Times Interest Earned Ratio.(Round your answers to one decimal place)
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