Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. By using the following information, calculate the ratios: Total current assets Total non-current assets Total current liabilities Long-term borrowings Equity Revenue Gross profit Operating

image text in transcribed
2. By using the following information, calculate the ratios: Total current assets Total non-current assets Total current liabilities Long-term borrowings Equity Revenue Gross profit Operating income Profit for the year Cost of sales Finance costs Leasing charges Trade receivables Inventories $ 700,000 1,400,000 400,000 900,000 600,000 2,700,000 700,000 250,000 110,000 2,000,000 45,000 40,000 350,000 225.000 1 . a) Return on equity b) Debt-to-equity c) Return on Revenue d) Times interest earned e) Average Collection period f) Inventory turnover

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship In Finance Successfully Launching And Managing A Hedge Fund In Asia

Authors: Henri Arslanian

1st Edition

331943912X,3319439138

More Books

Students also viewed these Finance questions