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The following account balances were taken from Mindy Merchandising Corporation's 2020 financial statements: tion 18,500 11,500 39,500 95,000 35,400 Cash 11,500 Account payable Account receivable
The following account balances were taken from Mindy Merchandising Corporation's 2020 financial statements: tion 18,500 11,500 39,500 95,000 35,400 Cash 11,500 Account payable Account receivable (net) 18,500 Unearned revenue Prepaid insurance 1,500 Notes payable (due in 2025) Inventory 22,300 Common shares Equipment (net) 41,100 Retained earnings Building (net) 105,000 199,900 Additional information: During the year, the company had $22,800 in profit The Company has 10,000 common shares outstanding The share of the company was selling at $14.50 / share in the market The company doesn't have any preferred shares. 199,900 Calculate the following ratios: a) Quick Ratio b) Debt Ratio c) Return on Equity d) P/E Ratio
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