Consider the given income statement and balance sheet and calculate the following ratios : /5 Return on Assets Return on Equity Debt Ratio Current Ratio Write your comment about each of the ratios calculated what it describes. Following are the Financial Statements of CSU CORPORATION for the year ended Dec. 31, 2020 Assets : 2019 Cash $1400 Accounts Receivable 4000 Supplies 1800 Equipment 16000 Total Assets $23,200 Liabilities and Shareholders’ Equity : Liabilities : Notes Payable $5000 Accounts Payable 2000 Stockholders’ Equity : Common Stock 10000 Retained Earnings 6200 $23,200 Income Statement Revenues $10600 Expenses $5200 Supplies expenses 1500 Rent Expense 900 Insurance Expense 50 Interest Expense 50 Depreciation Expense 40 (7740) Net Income $2860
Consider the given income statement and balance sheet and calculate the following ratios : /5 Return on Assets Return on Equity Debt Ratio Current Ratio Write your comment about each of the ratios calculated what it describes. Following are the Financial Statements of CSU CORPORATION for the year ended Dec. 31, 2020 Assets : 2019 Cash $1400 Accounts Receivable 4000 Supplies 1800 Equipment 16000 Total Assets $23,200 Liabilities and Shareholders’ Equity : Liabilities : Notes Payable $5000 Accounts Payable 2000 Stockholders’ Equity : Common Stock 10000 Retained Earnings 6200 $23,200 Income Statement Revenues $10600 Expenses $5200 Supplies expenses 1500 Rent Expense 900 Insurance Expense 50 Interest Expense 50 Depreciation Expense 40 (7740) Net Income $2860
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6E: The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal...
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Consider the given income statement and balance sheet and calculate the following ratios : /5 Return on Assets Return on Equity Debt Ratio Current Ratio Write your comment about each of the ratios calculated what it describes. Following are the Financial Statements of CSU CORPORATION for the year ended Dec. 31, 2020 Assets : 2019 Cash $1400 Accounts Receivable 4000 Supplies 1800 Equipment 16000 Total Assets $23,200 Liabilities and Shareholders’ Equity : Liabilities : Notes Payable $5000 Accounts Payable 2000 Stockholders’ Equity : Common Stock 10000 Retained Earnings 6200 $23,200 Income Statement Revenues $10600 Expenses $5200 Supplies expenses 1500 Rent Expense 900 Insurance Expense 50 Interest Expense 50 Depreciation Expense 40 (7740) Net Income $2860
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