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 = $60
A. Shareholders' Equity = $320
B. Current Ratio = 1.30
C. Asset turnover= 2.75
D. Debt to equity ratio= 0.80
E. Return on Equity = 45.0%
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
