Question
Which of the following is TRUE regarding Company ABC given the following information? Current Assets = $250 Fixed Assets =$70 Current Liabilities = $110 Long
Which of the following is TRUE regarding Company ABC given the following information?
Current Assets = $250
Fixed Assets =$70
Current Liabilities = $110
Long term Debt = $90
Sales = $330
Net Income = $70
Shareholders' Equity = $320
Current Ratio = 1.30
Asset turnover= 2.75
Debt to equity ratio= 0.80
Return on Equity = 58.3%
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
