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At December 31 a company's records show the following information: Cash $10,000 Accounts Receivable 30,000 Inventory 30,000 .Prepaid Insurance 6, 000 Long-term Assets 120,000 Accounts
At December 31 a company's records show the following information:
Cash $10,000
Accounts Receivable 30,000
Inventory 30,000
.Prepaid Insurance 6, 000
Long-term Assets 120,000
Accounts Payable 30,000
Notes Payable due in 10 months 25,000
Wages Payable 5,000
Long-term Liabilities 100,000
Stockholders' (Owner's) Equity 36,000
Net Income 18,000
Calculate the current ratio
Calculate the Debt to Equity ratio
Calculate the Return on Assets
Calculate the Return on Equity
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