Excerpts from the financial statements of Jones and Williams are provided on the next page. REQUIRED: Review
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Excerpts from the financial statements of Jones and Williams are provided on the next page. REQUIRED: Review this information, calculate any ratios that you believe may be useful in assessing this company’s financial health and performance, and explain why this company appears to be a good or poor investment. Balance Sheet Current assets $14,000 $12,000 Long-term assets 98,000 66,000 Current liabilities 14,000 8,000 Long-term debt 30,000 10,000 Stockholders’ equity 68,000 60,000 Income Statement Net income $18,000 $16,000
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