Question
Calculate the Financial ratios from the a. Cash Ratio balance sheet b. Total Debt Ratio C. d. Debt/Equity Provide your comments about the above
Calculate the Financial ratios from the a. Cash Ratio balance sheet b. Total Debt Ratio C. d. Debt/Equity Provide your comments about the above ratios Assets Current assets 2020 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 Notes payable Total Long-term debt $49,276 19,784 $69.060 $45.000 Owners equity Common stock and paid-in surplus $50,000 Accumulated retained earnings 315.894 Total 5365.894 Total liabilities and owners equity $479.954
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
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