Using the Following Amounts Taken from the Balance Sheet and Income

question 57

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.
a.Current ratio
b.Return on equity
c.Return on assets
d.Working capital

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Definitions:

Active Transport

The migration of molecules from a lower concentration zone to a higher concentration zone across a cell's membrane, an action that requires energy.

Concentration Gradient

The gradual difference in the concentration of solutes in a solution between two regions, often leading to the movement of molecules along the gradient during diffusion.

Molecules

The smallest unit of a chemical compound that can exist while retaining the properties of that compound.

Osmosis

The movement of water molecules through a semi-permeable membrane from a region of lower solute concentration to one of higher concentration, aiming to equalize concentrations.