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only need capital expenditures ratio Selected 2020 transactions are as follows: a. Purchased investment securities for $5,500 cash. b. Borrowed $16,000 on a two-year, 8
only need capital expenditures ratio
Selected 2020 transactions are as follows: a. Purchased investment securities for $5,500 cash. b. Borrowed $16,000 on a two-year, 8 percent interest-bearing note. c. During 2020 , sold machinery for its carrying amount; received $11,750 in cash. d. Purchased machinery for $51,000; paid $9,500 in cash and signed a four-year note payable to the dealer for $41,500. e. Declared and paid a cash dividend of \$10,500 on December 31, 2020. Selected account balances at December 31, 2019 and 2020 are as follows: One-fourth of the sales and one-third of the purchases were made on credit. 3. Compute the quality of earnings ratio and the capital expenditures ratio. (Enter your answers in numbers and not in percentages. Round the final answers to 2 decimal places.)Step by Step Solution
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