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You are given the following key figures from a company's annual accounts for 20x1: a return on equity of 8%, a return on equity before
You are given the following key figures from a company's annual accounts for 20x1: a return on equity of 8%, a return on equity before tax of 18%, a profit ratio of 12%, a liquidity ratio of 1.2 (31.12. 20x1), an equity ratio ( equity ratio) of 25% (31.12.20x1), fixed assets for dollars 8,000,0000 (31.12.20x1) and dollars 6,000,000 (31.12.20x0), current assets for dollars 4,000,000 (31.12.20x1) and dollars 3,000,000 ( 31.12.20x0). How large was the short-term debt as of 31.12.20x1?
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