Use the following information to calculate the liquidity and profitability ratios listed below.Round to two decimal places.
a.Current ratio
b.Working capital
c.Return on equity
d.Profit margin
e.Debt to equity ratio
f.Return on assets
g.Asset turnover
Definitions:
Justifiable Reliance
The reasonable trust placed by one party in the representations of another, particularly in situations leading to contracts or agreements.
Noncontractual Promise
An assurance or pledge not bound by a formal contract and generally not enforceable by law.
Material Misrepresentation
Providing false or misleading information of significant importance, intentionally or accidentally, which can impact contractual agreements or decisions.
Voidable
A legal term referring to a transaction or agreement that is valid until one of the parties involved decides to void it.
Q9: In the space below,state whether each situation
Q13: If $6,000 of Accounts Payable were paid
Q59: Slim Co.is ordering a new computer for
Q69: Explain why each of the following persons
Q76: Assuming the use of the periodic inventory
Q83: The use of prenumbered documents is important
Q97: One application of accrual accounting is adjusting
Q100: Cost of goods sold equals $250,000,and average
Q141: A jeweler probably would use which of
Q163: The calculation of cost of goods available