Homework Answers
current ratio for 2017 = 4225000/3325000 (Current assets/current liabilities)
= 1.271
Quick ratio for 2017 = (CA - inventory- other CA)/CL
= (4225000-300000-100000)/3325000
= 1.15
Current ratio for 2015 = 4375000/3115000
= 1.404
Quick ratio for 2015 = (4375000-125000-50000)/3115000
= 1.348
6) C
Answered first 5 questions
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Part 1: Ratio Analysis calculate the following ratios
Part 2: Perform a vertical analysis of statement of financial
position & Income statement
Part 3: Perform a Horizontal Analysis of statement of
Financial Position for 2015 and 2014 & Income statement for
2015
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How do I solve for b?
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