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The following data were reported by Universe Company at year-end: Total assets Quick assets Noncurrent assets Current liabilities Long-term liabilities Common stock (par $10)
The following data were reported by Universe Company at year-end: Total assets Quick assets Noncurrent assets Current liabilities Long-term liabilities Common stock (par $10) Total stockholders' equity $525,000 105,000 A. Debt-to-equity B. Current ratio 375,000 75,000 75,000 170,000 375,000 Required: Calculate each of the following ratios. Note: Round your answers to 2 decimal places. C. Quick ratio D. Which of the above ratios, if any, are liquidity ratios? E. Which of the above ratios, if any, are profitability ratios?
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Here are the calculations for each of the ratios you requested A Debttoequity ratio Debttoequity ratio Total liabilities Longterm liabilities Total st...
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Intermediate Accounting Volume 2
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881245, 9781260881240
