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2016 2015 Balance Sheet: Current Assets $ 5,000 $ 7,000 Current Liabilities 2,000 4,500 Net Fixed Assets 10,000 8,000 Long-Term Debt 11,000 9,500 Common Stock
2016 2015 Balance Sheet: Current Assets $ 5,000 $ 7,000 Current Liabilities 2,000 4,500 Net Fixed Assets 10,000 8,000 Long-Term Debt 11,000 9,500 Common Stock 7,500 7,400 Income Statement/Other: Depreciation Expense $ 1,000 EBIT 4,000 Interest Expense 2,000 Taxes 500 Net Income 1,500 Dividends 600 Calculate the following Ratios: 7. Current Ratio for 2016 8. Times Interest Earned for 2016 9. Return on Assets for 2016
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