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
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Principles Of Auditing
Authors: O. Ray Whittington, Kurt Pany, Walter B. Meigs
12th Edition
