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why my answer is not complete and how do i find the current ratio? Ethan Allen interiors Incorporated is a leading interior design company and
why my answer is not complete and how do i find the current ratio?
Ethan Allen interiors Incorporated is a leading interior design company and manufacturer and retailer of home fumishings in the United States and abroad. The following is adapted from Ethan Allen's recent annual financlal statements for fiscal year ending on June 30 . Dollar amounts are in thousands. Assume that the following events occurred in the first quarter ended September 30 of the next fiscal year: a. Issued 1,600 additional shares of stock for $1,020 in cash. b. Purchased $3,400 in additional intangibles for cash. c. Ordered $43,500 in wood and other raw materials for the manufacturing plants. d. Sold equipment at its cost for $4,020 cash. e. Purchased \$2,980 in long-term investments for cash. 1. Purchased property, plant, and equipment; paid $1,830 in cosh and signed additionat long-term notes for $9,400. g. Sold at cost other assets for $310 cash. h. Declared $300 in dividends. (2) Answer is not complete Step by Step Solution
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