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Need help determining what the quick and current ratios are based on the given data. Please show me how these calculations are done. Thanks! Common-Size
Need help determining what the quick and current ratios are based on the given data. Please show me how these calculations are done. Thanks!
Common-Size Balance Sheet | |||||
Assets | 2017 | % of Assets | 2016 | % of Assets | |
Cash | $ 33,411.00 | 1.26% | $ 16,566.00 | 0.65% | |
Accounts Receivable | $ 260,205.00 | 9.81% | $ 318,768.00 | 12.58% | |
Inventory | $ 423,819.00 | 15.97% | $ 352,740.00 | 13.92% | |
Other Current Assets | $ 41,251.00 | 1.55% | $ 29,912.00 | 1.18% | |
Total Current Assets | $ 758,686.00 | 28.59% | $ 717,986.00 | 28.34% | |
Long Term Assets | $ 1,512,675.00 | 57.01% | $ 1,403,220.00 | 55.38% | |
Goodwill | $ 382,145.00 | 14.40% | $ 412,565.00 | 16.28% | |
Total Assets | $ 2,653,506.00 | 100.00% | $ 2,533,771.00 | 100.00% | |
Liabilities and Shareholders Equity | |||||
Accounts Payable | $ 378,236.00 | 14.40% | $ 332,004.00 | 13.10% | |
Wages Payable | $ 14,487.00 | 0.55% | $ 7,862.00 | 0.31% | |
Taxes | $ 21,125.00 | 0.80% | $ 16,815.00 | 0.66% | |
Total Current Liabilities | $ 413,848.00 | 15.60% | $ 356,681.00 | 14.08% | |
Long Term Debt | $ 679,981.00 | 25.63% | $ 793,515.00 | 31.32% | |
Total Liabilities | $ 1,093,829.00 | 41.22% | $ 1,150,196.00 | 45.39% | |
Total Common Equity | $ 1,559,667.00 | 58.78% | $ 1,383,575.00 | 54.61% | |
Total Liabilities and Equities | $ 2,653,506.00 | 100.00% | $ 2,533,771.00 | 100.00% | |
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