Financial Ratios Shown Below Are Some Key Figures from the Balance Sheets

question 128

Essay

Financial ratios
Shown below are some key figures from the balance sheets of Minuteman Gas Company for two successive years:
Dividends of $96,000 were declared and paid in 2018.Compute the following:

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Definitions:

Trade Deficit

A situation in which a country's imports exceed its exports, leading to more money flowing out of the country than coming in.

Net Exports

The difference between what a country sells to others and what it buys, represented by exports minus imports.

Goods And Services

The products (goods) and activities (services) that are produced and provided to satisfy consumers' wants and needs.

Trade Balance

The difference between the monetary value of a nation's exports and imports over a certain period, indicating a surplus if exports exceed imports or a deficit otherwise.