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Heading Question #5 Calculate the following ratios based on the financial statements provided below (round to 2 decimals): Current ratio Times interest earned Return on
Heading Question #5 Calculate the following ratios based on the financial statements provided below (round to 2 decimals): Current ratio Times interest earned Return on equity Return on assets Debt-to-equity ratio Income Statement (5 millions) Revenues $ 100 Cost of Goods Sold 60 Gross Profit 40 Operating Expense 20 Earnings Before Interest Taxes 20 Interest Expense 5 Earnings Before Taxes 15 Income Tax Expense 10 Net Income $ 5 $ Statement of Retained Earnings ($ millions) Beginning Retained Earnings Net Income Dividends Ending Retained Earnings 57 5 2 60 Balance Sheet (S millions) Cash $ Receivables Inventory Current Assets Property, Plant & Equipment Total Assets 25 35 40 $ 100 300 400 10 120 $ 130 Current Liabilities $ Long-Term Liabilitie: Total Liabilities Common Stock@Par Retained Earnings Common Equity Total Liabilities & Common Equity 210 60 270 400 (United States) nter the amount. It any trom line 89 B Focus 3 JA W MacBook Pro
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