Question
RATIO ANALYSIS Selected Numbers from the ABC Co. Financial Statements are as follows: 2020 2019 Current Assets 262,000 236,000 Total Assets 787,000 644,000 Current Liabilities
RATIO ANALYSIS
Selected Numbers from the ABC Co. Financial Statements are as follows:
2020 2019
Current Assets 262,000 236,000
Total Assets 787,000 644,000
Current Liabilities 142,000 126,000
Total Liabilities 431,000 324,000
Total Liab. & Stock-
Holders Equity 787,000 644,000
REQUIRED:
1) Compute the Following Ratios for years 2020 & 2019:
- Current Ratio
- Working Capital
2) Briefly explain what each ratio shows and comment on whether
the ratio is favorable or unfavorable and why !
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
