Answered step by step
Verified Expert Solution
Question
1 Approved Answer
dnings Search n Test Paper Set A BUSI 2093.docx Cle Home Insert Layout Open in Desktop App Search B I U Ev Ev Borov Retained
dnings Search n Test Paper Set A BUSI 2093.docx Cle Home Insert Layout Open in Desktop App Search B I U Ev Ev Borov Retained 3. From the following financials prepare the ratios listed below: Current Assets Cash Accounts Receivables Inventory Total Balance Sheet as 31st December 2019 Current Liabilities 24,255 Accounts Payable 15,235 Notes Payable 27,155 Others 66,645 Total 27,420 10,800 15,553 53,773 Fixed Assets Plant & Equipment Long Term Debt 95,000 365,734 Owner's Equity Retained Earnings Total 432,379 Total Liabilities + OE 40,000 243,606 283,606 432,379 Total Assets Income Statement English (US 100 of 3 672 words here to search o . earch st Paper Set A BUSI 2093.docx Close Tie Insert Layout Open in Desktop App Search B U Ev V ov Sales Cost of Goods sold Depreciation EBIT Interest Paid Taxable income Taxes 35% Net Income Dividends Addition to Retained Earnings Income Statement 366,996 253,122 32,220 81,654 14,300 67,354 23,574 43,780 20,000 23,780 a) Current Ratio? b) Total assets turnover ratio? c) Debt to Equity Ratio? 4. The financial statement of Ruby & Company is as follows: Income Statement Sales Costs Taxable income Taxes 40% Net Income 26,400 17,300 9,100 3,640 5,460 672 words English US 2009 O e to search EI U
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