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XYZ Ltd. provided the following balance sheet data as of December 31, 2024: Current Assets: $250,000 Non-Current Assets: $750,000 Current Liabilities: $150,000 Long-Term Liabilities: $300,000
- XYZ Ltd. provided the following balance sheet data as of December 31, 2024:
- Current Assets: $250,000
- Non-Current Assets: $750,000
- Current Liabilities: $150,000
- Long-Term Liabilities: $300,000
- Equity: $550,000
- - Calculate the current ratio, quick ratio, debt-to-equity ratio, and times interest earned ratio. Analyze XYZ Ltd.’s liquidity, solvency, and financial stability based on these ratios. Discuss any potential concerns and areas for improvement.
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Hospitality Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
2nd Edition
9780470598092, 470083603, 978-0470083604
