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A company has the following financial data. Calculate the following ratios: (a) Current Ratio, (b) Quick Ratio, (c) Debt to Equity Ratio, and (d) Return
A company has the following financial data. Calculate the following ratios: (a) Current Ratio, (b) Quick Ratio, (c) Debt to Equity Ratio, and (d) Return on Equity.
- Current Assets: $150,000
- Inventory: $40,000
- Current Liabilities: $100,000
- Total Liabilities: $200,000
- Shareholders' Equity: $300,000
- Net Income: $50,000
Requirements:
- Calculate the Current Ratio.
- Calculate the Quick Ratio.
- Calculate the Debt to Equity Ratio.
- Calculate the Return on Equity.
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