Question
Please calculate the following ratios: Current ratio debt to asset ratio quick ratio EXAMPLE COMPANY ASSETS LIABILITIES TOTAL CURRENT ASSETS=89,000 TOTAL CURRENT LIABILITIES = 61,000
Please calculate the following ratios:
Current ratio
debt to asset ratio
quick ratio
EXAMPLE COMPANY
ASSETS LIABILITIES
TOTAL CURRENT ASSETS=89,000 TOTAL CURRENT LIABILITIES = 61,000
INVESTMENT =36,000 TOTAL LONG TERM LIABILITIES = 420,000
PROPERTY,PLANT &EQUIP TOTAL LIABILITIES= 481,000
LAND = 5,500 STOCKHOLDERS EQUITY
LAND IMPROVEMENTS = 6,500 COMMON STOCKS =110,000
BUILDINGS = 180,000 RETAINED EARNING = 220,000
EQUIPMENT = 201,000 ACCUM OTHER COMPREHENSIVE INCOME = 9,000
LESS: ACCUM DEPRECIATION = (56,000) LESS: TREASURY STOCK = (50,000)
PROP,PLANT,EQUIP NET TOTAL= 337,000 TOTAL STOCKHOLDER'S EQUITY = 289,000
INTANGIBLE ASSETS TOTAL LIABILITIES & STOCKHOLDERS EQUITY= 770,000
GOODWILL = 105,000
TRADE NAMES = 200,000
TOTAL INTANGIBLE ASSETS = 305,000
OTHER ASSETS = 3,000
TOTAL ASSETS = 770,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started