Liabilities & Stockholders Equity Accounts payable Notes Payable Аccruals 57, 000 49, 000 13, 000 5, 000 75, 000 150, 000 16, 000 6, 000 71, 000 160, 000 Total Current Liabilities Long Term Debt Shareholders Equity Com. stock Equity (share outstanding) Retained Earnings 110, 200 73, 100 183, 300 408, 300 120, 000 50, 200 170, 200 401, 200 Shareholders Equity Total Liabilities & S/holders Equity Calculate the following ratio for both years and comment on the comparison (use 365days) ; i. Current ratio ii. Acid ratio iii. Inventory turnover
Liabilities & Stockholders Equity Accounts payable Notes Payable Аccruals 57, 000 49, 000 13, 000 5, 000 75, 000 150, 000 16, 000 6, 000 71, 000 160, 000 Total Current Liabilities Long Term Debt Shareholders Equity Com. stock Equity (share outstanding) Retained Earnings 110, 200 73, 100 183, 300 408, 300 120, 000 50, 200 170, 200 401, 200 Shareholders Equity Total Liabilities & S/holders Equity Calculate the following ratio for both years and comment on the comparison (use 365days) ; i. Current ratio ii. Acid ratio iii. Inventory turnover
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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