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26. The firms current ratio is: a) 1.15 b) 2.62 c) 0.67 d) 1.64 e) None of the above 27. The firms quick ratio is:
26. The firms current ratio is: a) 1.15 b) 2.62 c) 0.67 d) 1.64 e) None of the above
27. The firms quick ratio is: a) 2.62 b) 0.34 c) 0.15 d) 1.14 e) None of the above
28. The firms inventory turnover ratio is: a) 3.54 b) 2.36 c) 1.82 d) 2.13 e) 1.54
29. The firms average days in inventory is (assuming 365 days within a year): a) 103 days b) 153 days c) 171 days d) 237 days e) None of the above
30. The firms Debt-to-equity ratio is: a) 2.42 b) 2.66 c) 3.07 d) 1.14 e) 1.42
Income Statement Sales Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Profit Interest Expense Income Before Tax Tax Expense Net Income in Euros 12,550,000 (4,750,000) 7,800,000 (2,600,000) 5.200.000 (500,000) 4,700,000 (1,300,000) 3,400,000 Balance Sheet Inventory Accounts Receivable Cash Total Current Assets Fixed Assets Total Assets in Euros 2,600,000 1,400,000 600,000 4,600,000 2,200,000 6,800,000 Common Stock (70,000 shares) Retained Earnings Total Equity Accounts Payable Long Term Bank Loan Total Liabilities Total Equity and Liabilities 1,500,000 1,300,000 2,800,000 1,750,000 2,250,000 4,000,000 6,800,000 Based on the above information for ABC Corporation, answer questions 26 to 30Step by Step Solution
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