Use the Balance Sheets of Sando Shown Below to Calculate

question 32

Essay

Use the balance sheets of Sando shown below to calculate the following ratios for 2013 (round to the hundredths):
(a) Current ratio
(b) Acid-test ratio
(c) Debt ratio
(d) Equity ratio

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Definitions:

Gallbladder

A small organ located beneath the liver that stores and concentrates bile, aiding in the digestion of fats.

Pancreas

An organ in the body that produces insulin and enzymes important for digestion.

Oral Cavity

The mouth's internal space, including the lips, gums, teeth, tongue, palate, and the opening to the throat, integral for speech, breathing, and the initial stages of digestion.

Oral Cavity

The mouth, an opening in the body used for intake of food and liquid, as well as for communication, that includes the lips, tongue, gums, and teeth.