7. [-/1 Points] DETAILS BRECMBC9 15.111.004. MY NOTES ASK YOUR TEACH Calculate the amount of working capital (in $) and the current ratio for the given company. Round ratios to the nearest hundredth. Company Current Assets Current Liabilities Working Capital Current Ratio a florist shop $3,400 $1,250 $ :1 Need Help? Read It Calculate the quick assets (in $) and acid test ratio for the given company. Round ratios to the nearest hundredth. Company Current Assets Current Liabilities Cash Marketable Securities Accounts Receivable Quick Assets Acid Test Ratio a personal electronics retail store $14,740 $19,900 $2,790 0 $4,130 $ :1 Need Help? Read It Calculate the average inventory (in $) and inventory turnover ratio for the given company. (Round the inventory turnover ratio to one decimal place.) Company Beginning Inventory Ending Inventory Average Inventory Cost of Goods Sold Inventory Turnover a hardware store $319,210 $300,080 $ $4,956,470 Need Help? Read It 10. [-/1 Points] DETAILS BRECMBC9 15.111.024. MY NOTES ASK YOUR TEACHER Calculate the amount of owner's equity (in $) and the two leverage ratios for the given company. (Round ratios to the nearest hundredth.) Company Total Assets Total Liabilities Owner's Equity Debt-to- Assets Ratio Debt-to- Equity Ratio a wine Wholesaler $2,918,000 $2,282,100 $ :1 :1 Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company. (Round profit margins to the nearest tenth of a percent.) Company Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Profit Gross Profit Margin (%) Net Profit Margin (%) $338,735 $209,655 an optometry store $ $86,921 $ % % Need Help? Read it ASK YOUR Calculate the return on investment (as a %) for the given company. (Round your answer to the nearest tenth of a percent.) Company Net Sales Cost of Goods Sold Gross Profit Operating Expenses a countertop installer $763,500 $487,560 $275,940 $177,410 Net Profit Gross Profit Margin (%) Net Profit Margin (%) Owner's Equity Return on Investment (%) $98,530 36.1% 12.9% $424,210 % Need Help? Read it