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AsimCompany has the following financial information for the year 2023: - Total Assets: $500,000 - Total Liabilities: $200,000 - Shareholders' Equity: $300,000 Calculate: a) The
Asim Company has the following financial information for the year 2023:
- Total Assets: $500,000
- Total Liabilities: $200,000
- Shareholders' Equity: $300,000
Calculate:
a) The debt-to-equity ratio.
b) The return on assets (ROA) if the net income for the year is $50,000.
c) The current ratio if the current assets are $350,000 and the current liabilities are $150,000.
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