Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assets begin{tabular}{|l|r|r|} hline & multicolumn{1}{|c|}{2021} & multicolumn{1}{l|}{2022} hline Cash & $45.00 & $50.00 hline Inventory & $242.00 & $374.00 hline Total &
Assets \begin{tabular}{|l|r|r|} \hline & \multicolumn{1}{|c|}{2021} & \multicolumn{1}{l|}{2022} \\ \hline Cash & $45.00 & $50.00 \\ \hline Inventory & $242.00 & $374.00 \\ \hline Total & $146.00 & $384.00 \\ \hline Net Fixed Assets & $1,000.00 & $1,200.00 \\ \hline Total Assets & $1,433.00 & $2,008.00 \\ \hline \end{tabular} Liabilities \begin{tabular}{|c|r|r|} \hline & \multicolumn{1}{|c|}{2021} & \multicolumn{1}{l|}{2022} \\ \hline Accounts Payable & $380.00 & $311.00 \\ \hline Notes Payable & $150.00 & $125.00 \\ \hline Total & $530.00 & $436.00 \\ \hline Long-Term Debt & $500.00 & $750.00 \\ \hline Common Stock & $400.00 & $400.00 \\ \hline Retained Earnings & $3.00 & $422.00 \\ \hline Total Liabilities & $1,433.00 & $2,008.00 \\ \hline \end{tabular} Question Set 1 (2 points each, 18 points total) 1. What is the Current Ratio for 2022? 2. What is the quick ratio for 2022 ? 3. What is the Times Interest Earned for 2022? 4. What is the Debt to Equity ratio for 2022? 5. What is the Profit Margin for 2022? Please share your final answer as a percentage rounded to 2 decimal places. 6. What is the Total Asset Turnover for 2022? 7. What is the Equity Multiplier for 2022? 8. What is the Return on Equity for 2022? Please share your final answer as a percentage rounded to 2 decimal places
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started