Question
2. Use the following to calculate the ratios requested below. Round answers to two decimal places. Show your work. Average total assets $85,500 Current assets,
2. Use the following to calculate the ratios requested below. Round answers to two decimal places. Show your work.
Average total assets $85,500
Current assets, December 31 24,000
Current liabilties, December 31 7,750
Dividends paid 5,250
Stockholders' equity, December 31 interest expense 50,000
Net sales 212,500
total liabilites, December 31 35,000
market price december 31, on 2500 shares $50/ share ___________________________________________________________________________________________ Dividends yield
Current ratio
Debt to equity ratio
Asset turnover
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started