Complete the Following Ratios

question 73

Short Answer

Complete the following ratios:
Current assets = $13,000 Inventory = $4,400 Current liabilities = $10,000 Net income = $7,700 Net sales = $24,400
A. Profit margin on sales (round to nearest tenth percent)
B. Acid test (Round to nearest tenth percent.)

---

Definitions:

Textual Analysis

The method of analyzing and interpreting texts to understand their meanings, structure, and context.

Identity Theft

Consists of stealing someone’s personal information (e.g., Social Security number, bank account, credit card number) and using it without their permission, usually to obtain money or goods.

Antisocial Behaviors

Behaviors that are harmful or lack consideration for the well-being of others, often violating social norms or laws.

Injunctive Norm

Social norms that are perceived as what is approved or disapproved of by others, guiding behavior by the expectations of others.