Question
In its closing financial statements for its first year of business, a company had cash of $242, accounts receivable of $850, inventory of $820, net
In its closing financial statements for its first year of business, a company had cash of $242, accounts receivable of $850, inventory of $820, net fixed assets of $3,408, accounts payable of $700, short-term notes payable of $740, long-term liabilities of $1,100, common stock of $1,160, retained earnings of $1,620, net sales of $2,768, cost of goods sold of $1,210, depreciation of $360, interest expense of $160, taxes of $312, addition to retained earnings of $508, and dividends paid of $218.
Compute the current ratio.
Compute the total-debt-to-total-asset ratio
Compute the debt-to-equity ratio.
Compute the equity multiplier ratio.
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