Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the following information for Nestle Canada, what are the working capital, current ratio, and debt to total assets ratio for 2022 and

image text in transcribed

Based on the following information for Nestle Canada, what are the working capital, current ratio, and debt to total assets ratio for 2022 and 2021 for the company? 2022 2021 Current assets $58,000 $ 41,000 Total assets 260,000 205,000 Current liabilities 28,000 32,000 Total liabilities 102,000 100,000 Income available to common shareholders 79,000 35,000 Cash provided by operating activities 95,000 61,000 Common share dividends declared 4,000 2,000 Net capital expenditures 41,000 15,000 Weighted average number of common shares 60,000 35,000 Share price $14 $8 Working capital for 2022 is $20,000 and 2021 is $8,000. Current ratio for 2022 is 2.1 and 2021 is 1.3. Debt to total assets ratio for 2022 is 39.2% and 2021 is 48.8%. Working capital for 2022 is $30,000 and 2021 is $9,000. Current ratio for 2022 is 1.1 and 2021 is 3.3. Debt to total assets ratio for 2022 is 39.2% and 2021 is 48.8%. Working capital for 2022 is $30,000 and 2021 is $9,000. Current ratio for 2022 is 2.1 and 2021 is 1.3. Debt to total assets ratio for 2022 is 39.2% and 2021 is 48.8%. Working capital for 2022 is $30,000 and 2021 is $9,000. Current ratio for 2022 is 2.1 and 2021 is 1.3. Debt to total assets ratio for 2022 is 5.2% and 2021 is 8.8%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions

Question

Define the term threshold.

Answered: 1 week ago