Question
Ratio Analysis The following balances were reported in the financial statement for Ruby Company. 2013 2012 Net Sales 1,600,000 1,700,000 Net Income 160,000 195,000 Current
Ratio Analysis
The following balances were reported in the financial statement for Ruby Company.
2013 2012
Net Sales 1,600,000 1,700,000
Net Income 160,000 195,000
Current Assets 400,000 525,000
Current Liabilities 160,000 200,000
Total Liabilities 500,000 675,000
Total Assets 1,500,000 2,400,000
- Comment on changes to Ruby Companys liquidity and solvency.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
12th Edition
0324381980, 978-0324381986
