Calculations !!! - 87708

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johnson7

johnson7

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  • From: Mathematics, Algebra
  • Posted on: Sun 01 Feb, 2015
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Request Description
Using the following data, compute the current ratio. Return on sales, asset turnover, and return on equity. Accounts Payable $ 3,500 Accounts Receivable 6,000 Building 65,000 Cash 2,100 Capital Stock 24,300 Inventory 4,100 Land 14,000 Long-Term Notes Payable 32,000 Market Value of Equity 103,000 Net Income 10,000 Retained Earnings (ending) 24,000 Sales 105,000 Short-Term Notes Payable 5,700 Stockholders' Equity 48,300 Unearned Revenue 1,700 Round your answer to two decimal places. Additional Requirements Min Pages: 1 Level of Detail: Show all
Solution Description

Using the following data, compute the current ratio. Return on sales, asset turnover, and return on equity. 



Accounts Payable $ 3,5