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Monty Company has been operating for several years, and on December 31, 2025, presented the following balance sheet. Cash Receivables Inventory Plant assets (net) MONTY
Monty Company has been operating for several years, and on December 31, 2025, presented the following balance sheet. Cash Receivables Inventory Plant assets (net) MONTY COMPANY Balance Sheet December 31, 2025 $41,400 68,580 104,520 220,000 $434,500 Accounts payable Mortgage payable Common stock ($1 par) Retained earnings $78,000 156,630 150,300 49,570 $434,500 The net income for 2025 was $26,070. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)
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