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QUESTIONS 16 to 21 Ace Company Balance Sheet at December 31, 2015 ASSETS Current Assets Cash Accounts Receivable 10,000 15,00

Ace companys profitability ratio (1 decimal, no rounding) on December 31, 2015 was a) 4.8% b) 5.4% c) 8.7% d) 12.1% e) Non

The answers to these questions are:

19. C) 8.7%

20. B) 0.67

Can someone please show to get these answers?

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