Brown Cow Inc The Current Ratio at the End of 2010 Was (Show

question 58

Essay

Brown Cow Inc.gathered the following year-end data (in thousands)for 2010 and 2009:
$$\begin{array} { l r r } \text { Curent Assets } & \frac { 2009 } { \mathbf { 2 0 0 0 } } & \frac { \mathbf { 2 0 } 0 } { \mathbf { \$ 6 7 5 } } \\\text { Long-Tenn Arsets } & 960 & 795 \\\text { Curtert Liabilities } & 460 & 595 \\\text { Long-Term Liabilities } & 650 & 785 \\\text { Owners' Equity } & 650 & 475 \\\text { Net Sales } & 1050 & 985 \\\text { Gross Margir } & 560 & 575 \\\text { Net Income } & 330 & 310\end{array}$$ The current ratio at the end of 2010 was (show your work):
The return on assets for 2010 was (show your work):
The return on owners' equity for 2010 was (show your work):
The asset turnover ratio for 2010 was (show your work):
The gross margin percentage for 2010 was (show your work):

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Definitions:

Infirmity

Illness, disease.

Illness

A condition that negatively affects a person's normal physiological or psychological state, often characterized by specific signs and symptoms.

Disease

A disorder of structure or function in a human, animal, or plant, especially one that produces specific signs or symptoms or that affects a specific location and is not simply a direct result of physical injury.

Therapeutic Diets

Specially designed eating plans to manage or treat medical conditions, prescribed and supervised by healthcare professionals.