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
Definitions:
Servant Leadership
A leadership philosophy which emphasizes the leader's primary role as serving the needs of their team members, stakeholders, and the community.
Team Definition
The process of identifying the purpose, roles, and responsibilities of a team to ensure clarity and effectiveness in achieving collective goals.
Evolve
To develop or change gradually over time, often in response to environmental pressures or challenges.
Requisite Variety
A principle in systems theory that states a system or organization must have a diversity and complexity of responses that matches the complexity of the environment it operates in.
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