Homework Answers
Answer-
| Return on Sales Ratio | 14% |
| Current Ratio | 1.50 |
| Debt-to Total Assets Ratio | 75% |
| Return on Assets Ratio | 19.38% |
Working:
Return on Sales Ratio = Net income/Net sales = $25,200 / $180000 = 14%
Current Ratio = Current assets/Current liabilities = $40,500 / $27000 = 1.50
Debt-to Total Assets Ratio = Total liabilities/Total assets = $97,500/$130000 = 75%
Return on Assets Ratio= Net Income/ Total Assets= $25,200/ $130,000= 19.38%
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