Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following is a comparative Balance sheet for Aiman Company. Asset: .................................................................. RM Cash ......................................................................12,400 Marketable Securities ...........................................7,000 Account Receivable ..............................................33,000 Inventories ........................................................47,000 Plant & Equipment

Following is a comparative Balance sheet for Aiman Company.

Asset: .................................................................. RM

Cash ......................................................................12,400

Marketable Securities ...........................................7,000

Account Receivable ..............................................33,000

Inventories ........................................................47,000

Plant & Equipment ............................................73,000

Other Fixed Assets............................................... 29,000

Total Asset ............................................................201,400

Liabilities & Equity :

Short term notes payable ................................... 60,000

Account Payable ..................................................20,000

Long term debt .....................................................37,500

Common Stock ....................................................40,000

Retained earnings ...............................................43,900

Total Liabilities & Equity ......................................201,400

Sales for year ended were RM200,000. Calculate the following ratios.

a) Current ratio

b) Quick Ratio

c) Debt ratio

d) ROE (Return on equity ratio)

e) ROA (Return on assets ratio)

PLEASE SIR ANSWER IT PERFECTLY i editted sir

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

Capital Markets Institutions And Instruments

Authors: Frank J. Fabozzi, Franco Modigliani

4th Edition

0136026028, 9780136026020

More Books

Students also viewed these Finance questions

Question

Why did Congress create the Federal Reserve System?

Answered: 1 week ago

Question

For s Answered: 1 week ago

Answered: 1 week ago