Homework Answers
AS it is not mentioned so answers are calculated upto two decimal points
| Answers | ||||||
| a. | Current Ratio | 10.13 | ||||
| b. | Acid-Test Ratio | 6.13 | ||||
| c. | Debt to Equity Ratio | 0.89 | ||||
| Calculated as | ||||||
| Current Ratio | ||||||
| Numerator | Current Assets | = | 162000 | = | 10.13 | |
| Denominator | Current Liabilities | 16000 | ||||
| Acid-Test Ratio | ||||||
| Numerator | Quick Assets | = | 98000 | = | 6.13 | |
| Denominator | Current Liabilities | 16000 | ||||
| Debt to Equity Ratio | ||||||
| Numerator | Total Liabilities | = | 136000 | = | 0.89 | |
| Denominator | Shareholders's Equity | 152000 | ||||
Current assets = 57000+41000+47000+17000
Current liabilities = 13000+3000 = 16000
Quick assets = 57000+41000 = 98000
Total liabilities = 13000+3000+120000 = 136000
Shareholders' equity = 72000+80000 = 152000
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