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Analyze the financial statements of Goldcrest Enterprises for the fiscal year ended December 31, 2023. The balance sheet indicates total assets of $800,000, with current


· Analyze the financial statements of Goldcrest Enterprises for the fiscal year ended December 31, 2023. The balance sheet indicates total assets of $800,000, with current assets amounting to $300,000. Liabilities stand at $200,000, including $50,000 in current liabilities. Shareholders' equity is reported at $600,000. Meanwhile, the income statement reveals sales revenue of $400,000, cost of goods sold of $150,000, operating expenses of $100,000, and net income of $50,000. Calculate the following financial ratios for Goldcrest Enterprises:

  • Current ratio
  • Quick ratio
  • Debt-to-equity ratio
  • Return on assets
  • Return on equity

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