The following ratios and other information are based on a company's comparative financial statements for a...
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The following ratios and other information are based on a company's comparative financial statements for a two-year period: 2019 2020 Current ratio 1.60 2.20 Quick ratio 1.40 0.65 Debt to total assets ratio 0.20 0.50 Debt to equity ratio 0.25 1.00 Earnings per share 0.20 0.65 Gross profit margin 35% 50% Total assets $2,160,000 $3,730,000 Current assets $1,089,600 $1.614,800 The following ratios and other information are based on a company's comparative financial statements for a two-year period: 2019 2020 Current ratio 1.60 2.20 Quick ratio 1.40 0.65 Debt to total assets ratio 0.20 0.50 Debt to equity ratio 0.25 1.00 Earnings per share 0.20 0.65 Gross profit margin 35% 50% Total assets $2,160,000 $3,730,000 Current assets $1,089,600 $1.614,800
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