Question

RATIO ANALYSIS

2006 2005 Balance Sheet for the period ending June 30 Assets Current assets Cash Accounts receivables Inventories Prepaid expShareholders equity Common stock $5 per share Retained earnings Total liabilities and shareholders equity $100,000 $700,000 $a. Calculate the following ratios for 2006 and 2005. i. Gross margin percentage ii. Net income percentage iii. Current ratio

PLEASE ANSWER THIS USING A COMPUTER , TYPE ANSWERS ON A COMPUTER !! DO NOT WRITE !! I WOULD LIKE ANSWERS TO LOOK SIMILAR TO THIS LAYOUT :

Garth Ltd James Ltd Current Ratio = Current Assets Current Liabilities 4.33 1.81 Quick Ratio = Current Assets-Inventory Curre

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