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Need help ASAP! Thanks #4 SHORT ANSWER From the simplified balance sheet and income statement of the business below, compute the following ratios. Assume that
Need help ASAP! Thanks #4 SHORT ANSWER From the simplified balance sheet and income statement of the business below, compute the following ratios. Assume that the June 30 amounts for total assets and owner's equity also represent their average amounts for the period. Round percentages to the nearest whole percent. (10 PTS.) a. Working capital b. Current ratio c. Profit margin. d. Return on assets e. Debt to equity ratio Return on equity g. Asset turnover Sci-Tech Enterprises Balance Sheet June 30, 2010 Liabilities Assets S 000 Current assets 4,000 Current liabilities Investments 2,000 Long-term liabilities 000 S10,000 Property, plant, and Total liabilities 12,000 equipment Intangible assets Owner's Equity Jan Tseng, Capital Total liabilities and S20,000 Total assets $20,000 owners equity Sci-Tech Enterprises Income Statement For the Year Ended June 30, 201 S24,000 Net sales Cost of goods sold 12,000 $12,000 Gross margin Operating expenses Net income 2. Discuss the liquidity and profitability of Sci-Tech Enterprises. (4 PTS
Need help ASAP! Thanks #4
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