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Topic: Accounts Receivable Aging Method 12. BUSINESS DECISION PROBLEM for Virginia Inc. 16 01 S2500 $8,300 $1,000 $3,300 $400 18,000 $14,000 $13,000 $5,000$7,000 $6,000 $8,800
Topic: Accounts Receivable Aging Method 12. BUSINESS DECISION PROBLEM for Virginia Inc. 16 01 S2500 $8,300 $1,000 $3,300 $400 18,000 $14,000 $13,000 $5,000$7,000 $6,000 $8,800 $7800 Current Asset Total Assets Current Liabilities Total Liabilities Retained Earnings Net Sales Cost of Goods Sold Net Income $12,000 $11,500 $3,000$2,000 $6,100 $5,300 $4,000$3,800 $6,000 4,000$2,000 a. Calculate current ratio, debt-to-total-assets ratio, return on sales for each year b. Comment on Virginia Inc's liquidity, Solvency, and Profitability c would you lend money to Virginia provide reasons from what you determined per a and b
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