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:

Process

A series of actions or steps taken in order to achieve a particular end.

Produce

To create, manufacture, or bring forth goods, services, or results through a process of combining or arranging resources or efforts.

Participate

To take part or become involved in an activity or event.

Nervous Presenters

Refers to individuals who experience anxiety or nervousness when giving presentations or speaking in public.