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Use the following balance sheet for Buchanan's Lemonade Stand to answer questions #2- 8: Buchanan's Lemonade Stand i 2019 Balance Sheet (S in millions) Assets
Use the following balance sheet for Buchanan's Lemonade Stand to answer questions #2- 8: Buchanan's Lemonade Stand i 2019 Balance Sheet (S in millions) Assets Liabilities 158 48: 129 341 Cash Accounts Receivable Inventory Total Current Assets Fixed Assets 290 577 Accounts Payable Current Portion of Long-Term Debt Taxes Payable Total Current Liabilities Long-Term Debt Total Liabilities 290! 372: 400 Land 1700 772 900 Equipment Intangible Assets Goodwill 155 Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity 1707 8531 2560 3332 Total Assets 3332 Question 3 O pts Calculate the following ratios for Buchanan's Lemonade Stand: 1. Working Capital Ratio 2. Quick Ratio 3. Debt/Equity Ratio 4. If the net income for 2019 is $300,000,000, what is the return on equity? 5. If the market capitalization of Buchanan's Lemonade Stand is $30,617.6 million, what is the market-to-book ratio? Show your work for the above ratios here. You will not receive credit without showing your work. Round to two decimal places. Highlight your answers
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