Question
The Company had the following financial data; (10 pts) (show your work) 2017 2016 Current Assets 45,000 Current Assets 25,000 AR 30,000 AR 40,000 Inventory
The Company had the following financial data; (10 pts) (show your work)
2017 2016
Current Assets 45,000 Current Assets 25,000
AR 30,000 AR 40,000
Inventory 15,000 Inventory 20,000
Total Assets 120,000 Total Assets 105,000
Current Liabilities 30,000 Current Liabilities 25,000
Long Term Liabilities 90,000 Long Term Liabilities 70,000
Equity 45,000 Equity 5,000
Sales 220,000 Sales 150,000 COGS 90,000 COGS 70,000
Net Income 20,000 Net Income 10,000
Authorized shares 5,000 Authorized shares 5,000
Outstanding shares 2,500 Outstanding shares 2,000
What is the Current ratio for 2017?
What is the Inventory Turnover ratio for 2017?
What is the Debt to Asset ratio for 2017?
What is the Return on Equity ratio for 2017?
What is the EPS in 2017?
Please show work
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started