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Sage Company has been operating for several years, and on December 31,2020 , presented the following balance sheet. The net income for 2020 was $23,700.
Sage Company has been operating for several years, and on December 31,2020 , presented the following balance sheet. The net income for 2020 was $23,700. Assume that total assets are the same in 2019 and 2020 . The net income for 2020 was $23,700. Assume that total assets are the same in 2019 and 2020 . (a) Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio % (d) Return on assets %
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