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The following ratios have been computed for Marigold Company for 2022. Profit margin ratio 20 % Current ratio 25:1 Times interest earned 12 times
The following ratios have been computed for Marigold Company for 2022. Profit margin ratio 20 % Current ratio 25:1 Times interest earned 12 times Debt to assets ratio 24 % Accounts receivable turnover 5 times Use the above ratios and information from the Marigold Company financial statements to fill in the missing information on the financial statements. The 2022 financial statements for Marigold Company with missing information follows: MARIGOLD COMPANY Comparative Balance Sheet December 31, Assets Cash 2022 2021 $24,500 $ 34,300 14,700 14,700 Debt Investments Accounts receivable (net) MacBook Pro 49,000
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