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C .2 Ratio Analysis D E G Points: 3 items @ 4 points = 12 points Directions: Compute the following liquidity ratios based on the information provided below. Inventory Turnover Sales 750,000 Cost of Goods Sold 473,000 Merchandise Inventory Beginning of year 40,000 End of Year 44,000 chandise Inventory Turnover b) Working Capital & Current Ratio June 30,2018 Current Assets are $650,000 June 30, 2018 Current Liabilities are $250,000 Issued long term note to the bank for $80,000 cash A12 Number A * Accounting Equation Alignment B C D Before the -4 Accounting Equation & Stock Issue E F G H Transaction After the Transaction Points: 4 items @ 3 points = 12 points K L 1 Working Capital 400,000 $ 480,000 2 Current Ratio 221 Directions: Complete the accounting equation based on the information below. 1 1 > > Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6 Ready Stock Issue Activity Type here to search o Hi a)Goofy Company issued 1,000 shares of $10 par common stock for $20,000. b) Goofy Company issued an additional 2,000 shares for $25 a share Goofy Company Accounting Equation Balance Sheet Event Assets Income Staten Cash Stockholders Equity + Land Common Stock + PIC in Excess o a $ 10,000 + Revenue Expense (7 b) 20,000 + 19 5.3 Ratio Analysis B 20 Helpful Resources Points: 4 items @ 3 points = 12 points 21 22 Types of Stock Article 23 4 Directions: Compute the following ratios based on the information below 24 tocproblem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6 Current Assets 6 Long-Term Assets(net) $ 850,000 2,200,000 Type here to search 7 Total Assets 3,050,000 8 Current Liabilities 650,000 9 Long-Term Liabilities ,500,000 10 Total Liabilities ,150,000 11 Common Stock and Retained Earnings 900,000 12 Total Liabilities and Stockholders' equity 3,050,000 13 14 15 Working Capital 16 Current Ratio 17 Debt to Assets Ratio 18 Debt to Equity Ratio 19 20 21 Helpful Resources 22 23 Principles of Accouting 24 Page 285-304 25 26 Ratio Analysis Video 14 4 Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6 Ready O