Use the balance sheets of Sando shown below to calculate the following ratios for 2010 (round to the hundredths):
(a) Current ratio.
(b) Acid-test ratio.
(c) Debt ratio.
(d) Equity ratio.
Definitions:
Body Language
Non-verbal communication through gestures, facial expressions, behaviors, and postures.
Communication
The act of transferring information from one place, person, or group to another, through speaking, writing, or using some other medium.
Firm
Having a solid, unyielding surface or structure, often used to describe physical objects or business establishments with strong foundations.
Principles
Fundamental beliefs or guidelines that drive decision-making and actions within various disciplines or aspects of life.
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