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Problem 4 Ratio Analysis (18 marks) The following Balance Sheet relates to information provided by Parks and Recreation corporation: Parks and Recreation Corporation Balance Sheet

Problem 4 Ratio Analysis (18 marks)

The following Balance Sheet relates to information provided by Parks and Recreation corporation:

Parks and Recreation Corporation

Balance Sheet

December 31, 2023 and 2022

Required

1.Calculate the following 2023 ratios for Parks and Recreation Corporation: a.Current ratio b.Acid test c.Inventory turnover d.Accounts receivable turnover e.Debt ratio f.Times interest earned

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