Use the Following Information to Calculate the Ratios Requested Below

question 111

Essay

Use the following information to calculate the ratios requested below.Round answers to two decimal places.Show your work. $$\begin{array} { l r } \text { Average total assets } & \$ 85,000 \\\text { Current assets, December } 31 & 24,000 \\\text { Current liabilities, December } 31 & 7,500 \\\text { Dividends paid } & 5,250 \\\text { Stockholders' equity, December } 31 & 50,000 \\\text { Net sales } & 212,500 \\\text { Total liabilities, December } 31 & 35,000 \\\text { Market price, December } 31 \text {, on } 2,500 \text { shares } & \$ 50 / \text { share }\end{array}$$ $$\begin{array} { | l | l | l |l|} \hline \text { Dividends yield } &\quad\quad& \text { Debt to equity ratio } &\quad\quad \\\hline \text { Current ratio } && \text { Asset turnover } & \\\hline\end{array}$$

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.

Organizes And Manages

refers to the process of structuring, coordinating, and overseeing resources and activities to achieve specific objectives efficiently and effectively.

Transform Resources

The process of converting resources into goods or services through manufacturing, labor, or other means of production.

Output Markets

Markets in which goods and services are exchanged.