XYZ Corporation has provided the following financial data for the year 2023: Current Assets: $120,000 Current Liabilities:
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Question:
XYZ Corporation has provided the following financial data for the year 2023:
- Current Assets: $120,000
- Current Liabilities: $80,000
- Total Assets: $400,000
- Total Liabilities: $250,000
- Net Income: $50,000
- Sales: $300,000
- Shareholders’ Equity: $150,000
Requirements:
- Calculate the current ratio.
- Compute the debt to equity ratio.
- Determine the return on assets (ROA).
- Calculate the return on equity (ROE).
- Compute the profit margin ratio.
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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