Condensed statement of financial position and income statement data for Pronghorn Ltd. are shown below. You...
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Condensed statement of financial position and income statement data for Pronghorn Ltd. are shown below. You are required to calculate certain financial ratios. Round your final results to one decimal place. Assets PRONGHORN LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Current assets Cash $ 30 $ 80 $ 200 Accounts receivable 900 700 500 Inventory 1,200 800 500 Total current assets 2,130 1,580 1,200 Property, plant, and equipment (net) 4,100 3,800 3,200 Total assets $6,230 $5,380 $4,400 Liabilities and Shareholders' Equity Liabilities Current liabilities $ 600 $ 550 $ 500 Non-current liabilities 3,070 2,320 1,500 Total liabilities Shareholders' equity 3,670 2,870 2,000 Common shares 1,000 1,000 1,000 Retained earnings 1,560 1,510 1,400 Total shareholders' equity 2,560 2,510 2,400 Total liabilities and shareholders' equity $6,230 $5,380 $4,400 Condensed statement of financial position and income statement data for Pronghorn Ltd. are shown below. You are required to calculate certain financial ratios. Round your final results to one decimal place. Assets PRONGHORN LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Current assets Cash $ 30 $ 80 $ 200 Accounts receivable 900 700 500 Inventory 1,200 800 500 Total current assets 2,130 1,580 1,200 Property, plant, and equipment (net) 4,100 3,800 3,200 Total assets $6,230 $5,380 $4,400 Liabilities and Shareholders' Equity Liabilities Current liabilities $ 600 $ 550 $ 500 Non-current liabilities 3,070 2,320 1,500 Total liabilities Shareholders' equity 3,670 2,870 2,000 Common shares 1,000 1,000 1,000 Retained earnings 1,560 1,510 1,400 Total shareholders' equity 2,560 2,510 2,400 Total liabilities and shareholders' equity $6,230 $5,380 $4,400
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