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Please help me solve, note, I have added the answers from the original post below, and only questions #1, #2, and # 11 are correct
Please help me solve, note, I have added the answers from the original post below, and only questions #1, #2, and # 11 are correct per the 'check my works' feature and I cannot figure out the rest. Thanks!
Accounting Principles Ch 24 Ratio Assignment 1. Working capital =$165,924 2.current ratio =1.39:1 3.Acid test (quick ratio) =0.86:1 4. Total accounts receivables turnover ratio =6.14 times 5.Average collection period =59.45 days 6. inventory turnover ratio =103.08 times 7.Average number of days to sell inventory =3.54 days 8.Profit margin ratio =27.30% 9. Return on asset ratio =3.93% 10. Return on common stockholders equity =45.92% 11. Debt to equity ratio =10.69 times 12. Times interest earned ratio =3.36 times Table of Contents THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In Thousands Except Par Value) \begin{tabular}{cc} January 2, & January 3, \\ 2022 & 2021 \\ \hline \end{tabular} ASSETS Current assets: LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: see accompanyg notes to consonuateu mancia statemens. 60 THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In Thousands Except Per Share Amounts) See accompanying notes to consolidated financial statements. THE WENDY'S COMPANY AND SUBSIDIARIES ONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Thousands) \begin{tabular}{cc} & Year Ende \\ \hline January 2, & January 3 \\ 2022 & 2021 \\ \hline & \\ \hline \end{tabular} See accompanying notes to consolidated financial statements. THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (In Thousande) THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands) THE WENDY'S COMPANY AND SUBSIDIARIES Note: Common Alternate Financial Statement Titles: - Income Statement: Consolidated Statements of Operations, Consolidated Statements of Income, or Consolidated Statements of Earnings - Balance Sheet: Consolidated Balance Sheets or Consolidated Statements of Financial Position - Retained Earnings/Shareholders Equity Statement: Consolidated Statements of Changes in Stockholders' Equity, Consolidated Statements of Shareholders' Investment, or Consolidated Statements of Shareholders' EquityStep by Step Solution
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