Question
2018 2017 Cash $60,000 $55,000 Short-term Investments 28,000 0 Net Accounts Receivables 116,000 116,000 Merchandise Inventory 257,000 267,000 Total Assets 510,000 580,000 Total Current Liabilities
2018 | 2017 | |
Cash | $60,000 | $55,000 |
Short-term Investments | 28,000 | 0 |
Net Accounts Receivables | 116,000 | 116,000 |
Merchandise Inventory | 257,000 | 267,000 |
Total Assets | 510,000 | 580,000 |
Total Current Liabilities | 275,000 | 222,000 |
Long-term Note Payable | 48,000 | 60,000 |
Income from Operations | 170,000 | 183,000 |
Interest Expense | 44,000 | 45,000 |
Compute the current ratios for
2018 and 2017.
(Round your answers to two decimal places, X.XX.)
2018: |
2017: |
Compute the cash ratios for
2018 and 2017.
(Round your answers to two decimal places, X.XX.)
2018: |
2017: |
Compute the acid-test ratios for
(Round your answers to two decimal places, X.XX.)
2018: |
2017: |
Compute the debt ratio for
2018 and 2017
(Round your answer to one tenth of a percent, X.X%.)
2018: |
2017: |
Compute the debt to equity ratios for
(Round your answers to two decimal places, X.XX.)
2018: |
2017: |
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