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Use the financial statement information to calculate the listed ratios. Round your answers to two decimal places. Match the answers with the correct ratio. 2019
Use the financial statement information to calculate the listed ratios. Round your answers to two decimal places. Match the answers with the correct ratio. 2019 Balance Sheet: Cash $ 10,000 Receivables Inventories Total CA 70,000 180,000 $260,000 130,000 $390,000 Accounts payable $ 45,000 Other current liabilities 28,000 Total CL $ 73,000 Long-term debt 87,000 Common equity (20,000 shares): 230,000 Total liabilities and equity $390,000 Net fixed assets Total assets 2019 Income Statement Information: Sales CGS EBIT $280,000 168,000 50,000 13,000 20,000 Interest Net income Quick Ratio A. .09 v Inventory Turnover B. 3.85 v Debt Ratio C. 1.0 v Net Profit Margin D..05 v Earnings Per Share E. .41 v Current Ratio F. 72 v Times Interest Earned G..07 v Total Asset Turnover H. 3.56 v Return on Assets I. 93 v Return on Equity J. 1.10
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