Question
ANSWER POINT 4,5 ONLY 2019 Assets Current assets Cash $14,105 Accounts receivable 32,815 Inventory 57,204 Total $104,124 Fixed assets Net plant and equipment $375,830 Total
ANSWER POINT 4,5 ONLY
|
| 2019 |
Assets |
|
|
Current assets |
|
|
Cash |
| $14,105 |
Accounts receivable |
| 32,815 |
Inventory |
| 57,204 |
Total |
| $104,124 |
Fixed assets |
|
|
Net plant and equipment |
| $375,830 |
Total assets |
| $479,954 |
Liabilities and Owners Equity |
|
|
Current liabilities |
|
|
Accounts payable |
| $49,276 |
Notes payable |
| 19,784 |
Total |
| $69,060 |
Long-term debt |
| $45,000 |
Owners' equity |
|
|
Common stock and paid-in surplus |
| $50,000 |
Accumulated retained earnings |
| 315,894 |
Total |
| $365,894 |
Total liabilities and owners' equity |
| $479,954 |
Calculate the Financial ratios from the above balance sheet (one mark each)
1. Current ratio
2. Quick ratio
3 Cash ratio
4. NWC ratio
5. Provide your comments about the above ratios
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