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please show work if you can!!! thank you in advance it is greatly appreciated!!! Instructions The chapter discussed analyzing financial statements by using ratio analysis.
please show work if you can!!! thank you in advance it is greatly appreciated!!!
Instructions The chapter discussed analyzing financial statements by using ratio analysis. In this assignment you will calculate five different ratios. The five ratios are: Acid quick test, net profit margin, earnings per share, inventory turnover ratio, and debt-to-equity ratio, I suggest you calculate these using the information below BEFORE you start the assignment. (The assignment is set up as a quiz.) In the answer box for EACH question, type and answer the following the following three questions: 1. The formula you used 2. Show your work 3. Your final answer Use the following financial information for the ACME company for your ratio calculations. Account balances on December 31, 2019 Inventory $72.000 Net Sales $450,000 Current Assets $150,000 Cost of Goods Sold $290,000 Total Liabilities $180,000 Net Profit $35,400 Total Assets $385,000 Current Liabilities $75,000 Other Information Number of common shares outstanding 25,000 Inventory at January 1, 2020 $48,000 Step by Step Solution
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