The Following Data Were Reported by Jupiter Company at Year-End

question 43

Essay

The following data were reported by Jupiter Company at year-end: $$\begin{array} { | l | r | } \hline \text { Total assets } & \$ 525,000 \\\hline \text { Quick assets } & 105,000 \\\hline \text { Non-current assets } & 375,000 \\\hline \text { Current liabilities } & 75,000 \\\hline \text { Long-term liabilities } & 75,000 \\\hline \text { Common stock (par \$10) } & 170,000 \\\hline \text { Total owners' equity } & 375,000 \\\hline\end{array}$$ Compute the following ratios for the Company
(a) Debt to equity ratio:
(b) Current (working capital) ratio:
(c) Quick ratio:
(d) Which, if any , of the above are liquidity ratios?
(e) Which, if any, of the above are profitability ratios ?

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Definitions:

Values

Core beliefs or principles that guide an individual's or organization's behavior and decision-making processes.

Tactical Goal

Short-term objectives set by an organization that are aimed at achieving a specific part of a larger strategic plan.

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a long-term, overarching plan of a corporation designed to achieve specified objectives while managing competition and market challenges.

Business Strategy

A plan developed by an organization detailing how it will use its resources to achieve its goals and stand out in the market.