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A company's year-end balance sheet is shown below: Assets Cash $300,000 Accounts receivable 350,000 Inventory 600,000 Property, plant, and equipment (net) 2,000,000 Total $3,250,000 Liabilities
A company's year-end balance sheet is shown below:
Assets | |
Cash | $300,000 |
Accounts receivable | 350,000 |
Inventory | 600,000 |
Property, plant, and equipment (net) | 2,000,000 |
Total | $3,250,000 |
Liabilities and Shareholder Equity | |
Current liabilities | $700,000 |
Long-term liabilities | 600,000 |
Common stock | 800,000 |
Retained earnings | 1,150,000 |
Total | $3,250,000 |
Complete the company's year-end ratio analysis using the information above. Enter the appropriate amounts in the designated cells below. Indicate negative numbers by using a leading minus (-) sign.
Measure | Value |
1. Current ratio | |
2. Quick ratio | |
3. Working capital | |
4. Equity ratio |
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