Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

Current Assets 2000 2001 Cash $ 200 $

Current Assets                                             2000                              2001

Cash                                                           $ 200                            $  1,000  

Accounts receivable                                   1,600                                1,000

Inventory                                                       2,200                              2,600

TOTAL CURRENT ASSETS                  $ 4,000                         $  4,600

Gross Fixed Assets                                 $12,000                            12,400

Less: Accum.Depreciation                        (6,000)                           (6,400)    

Net Fixed Assets                                          6,000                             6,000 

TOTAL ASSETS                                      $10,000                         $10,400

Liabilities and Stockholder's

equity 

Accounts payable                                   $  1,600                        $  1,800

Notes payable                                              1,000                              1,000

Total Current liabilities                           $   2,600                         $   2,800

Long-term debt                                            2,000                               1,800

TOTAL LIABILITIES                               $   4,600             $  4,600

Stockholder's equity

Common Stock                                        $ 4,000                          $   4,000

Retained Earnings                                      1,400                               1,800

Total Stockholder's equity                      $ 5,400                         $    5,800

TOTAL EQUITIES                                  $10,000           $  10,400

a.   "current ratio"

b.   "quick (acid-test) ratio"

c.    "debt ratio"

d.   "ROA ratio"

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question