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Use the following information to complete questions 24, 25, 26, and 27. A company has total assets of $100,000 comprised of current assets of $30,000
Use the following information to complete questions 24, 25, 26, and 27. A company has total assets of $100,000 comprised of current assets of $30,000 and fixed assets of $70,000. The current liabilities total $17,000 and the long term liabilities are $50,000. The company's net income for the year was $65,000 on sales of $250,000. Is this above or below the 24. What is the current ratio? norm for a company? 25. What is the net profit margin for the company? 26. What is the debt ratio for the company? Is this enough to raise the concerns of bankers and lenders? Y N 27. What is the amount of owners equity in this company
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