Using the Following Amounts Taken from the Balance Sheet and Income

question 17

Essay

Using the following amounts taken from the balance sheet and income statement of a business,compute the measures listed below.After each answer,write "L" if it is a measure of liquidity or "P" if it is a measure of profitability.Round to two decimal places.
$$\begin{array} { l r l r } \text { Current assets } & 30,000 & \text { Average stacknolders' eqquty } \\\text { Average total as5ets } & 120,000 & \text { Net sales } \\\text { Curent labilities } & 20,000 & \text { Net income } \\\text { Long-term liabilities } & 40,000 &\end{array}$$
a. Current ratio
b. Return on equity
c. Return on assets
d. Working capital

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Definitions:

Moral Integrity

The quality of being honest and having strong ethical principles that one does not compromise.

Self-Actualization

The accomplishment or realization of personal capabilities and potentials, seen as an essential desire or compulsion in every person.

Conflict Resolution

The process of resolving a dispute or disagreement between two or more parties in a constructive manner.

Unconditional Positive Regard

According to Carl Rogers, a caring, nonjudgmental attitude of total acceptance toward another person; Rogers believed that this attitude, used in therapy, would help clients develop self-awareness and self-acceptance.