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- Aa A 1) The financial statements of Natwe's Health Foods include the following items OR Tems OUR. Current Assets Carrealabil 25,000 Accounts Payable 9000
- Aa A 1) The financial statements of Natwe's Health Foods include the following items OR Tems OUR. Current Assets Carrealabil 25,000 Accounts Payable 9000 Short term investment BO Toleres Payable 7.000 Net Account Receivables 6.000 Salary Payable 5.000 Inventory TO Prepaid expense 100 Total current assets 57,000 Total Current Liabilities 21,000 Long term Assets 183,000 Long term Notes Payable 30,000 Capital 70000 Retained Earrings 19,000 Total Assets 140,000 Total liabilities and Equity 140.000 Income Statement Sales 35,000 Cost of goods sold 31,000 Administrative and selling expenses 5000) 16,000 Required Compute the following ratios for the current year: 1. Current ratio 2. Acid-test ratio 3. Gross Profit ratio 4. Net Prolitrato 3. Working Capital 6. Cashrabi 7. Debt ratio
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