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Vaughn Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. Cash Receivables VAUGHN COMPANY BALANCE SHEET DECEMBER
Vaughn Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. Cash Receivables VAUGHN COMPANY BALANCE SHEET DECEMBER 31, 2020 $37.500 Accounts payable 76,200 Mortgage payable 99,700 Common stock (51 par) 221.200 Retained earnings $434,600 Inventory Plant assets (net) $78,700 153.700 146,200 56,000 5434,600 The net income for 2020 was $24,300. Assume that total assets are the same in 2019 and 2020. (a) Compute each of the following ratios, (Round answers to 2 decimal places, eg. 1.59 or 45.87%) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio % (d) Return on assets %
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