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What are the formulas and ansers because the ones I get are wrong. Thanks Ratio Analysis The following balances were reported in the financial statements
What are the formulas and ansers because the ones I get are wrong.
Thanks
Ratio Analysis The following balances were reported in the financial statements for Ruby Company 2016 2015 Net Sales Net Income Current Assets Current Liabilities 70,000 Total Liabilities Total Assets 1,650,000 1,750,000 205,000 535,000 210,000 675,000 1,550,000 2,450,000 170,000 410,000 500,000 Required Compute the following ratios for 2016 and 2015 for Ruby Company (Round answers to one decimal place.) 2016 2015 a. Return on sales ratio 10.3 % 11.7 % b. Current ratio 241 X 2.54X C. Debt-to-total-assets ratio 294.1 x %Step by Step Solution
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