Using the balance sheet of Angelina's Jewelry Company at the end of July shown below, calculate all

Question:

Using the balance sheet of Angelina's Jewelry Company at the end of July shown below, calculate all four financial ratios (quick, current, debt, and debt-to-equity) for the business.

Assets Liabilities Current assets Short term liabilities cash 1000 Accounts Payable 1000

Inventory 1000 Short-term loans 500 Securities 1000 Total short term Liab. 1500

Total current assets 3000 Total Long term Liab. 1500 Long-term assets 7000 Owner's Equity 7000. Total assets 10,000 total Liabilities + OE 10,000 **Must give each equation and then calculate all four financial ratios (quick, current, debt, and debt-to-equity)

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Financial Ratios
The term is enough to curl one's hair, conjuring up those complex problems we encountered in high school math that left many of us babbling and frustrated. But when it comes to investing, that need not be the case. In fact, there are ratios that,...