Question
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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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
