Please do the ratios for year 2019 a. current ratio h. Debt equity ra tio b. quick ratio i. Times Interestearned c. Cash Ratio j. Cash Coverage Ratio d. Total Assets Turnover k. Profit Margin e. Inventory Turnover return on Assets I. Receivable Turnover return on Equity m. Total debt Ratio

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 2MCQ
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A
Bi
D
E
G
H.
АВС Coffee
2018 and 2019 Balance Sheet
2018
2019
2018
2019
ASSETS
LIABILITIES
Cash
$2,060
$2,510
Account Paya ble
$7,250
$5,613
Accounts Receivable
$3,411
$4,288
Long Term Debt
$9,800
$10,965
Inventory
$18,776
$22,980
Total Current Assets
$24,247
$29,778
Total Liabilities
$17,050
$16,578
EQUITY
Common Stock
$15,000
$16,000
Net Fixed Assets
$14,160
$15,500
Retained Earnings
$6,357
$12,700
$21,357
$28,700
$45,278
TOTAL EQUITI ES
TOTAL ASSETS
$38,407
$45,278
TOTAL LIA & EQUITIES
$38,407
Please do the ratios for year 2019
a.
current ra tio
h.
Debt equity ra tio
b.
quick ra tio
1.
Times Interest earned
C.
Cash Ratio
J.
Cash Coverage Ratio
d.
Total Assets Turnover
k.
Profit Ma rgin
Inventory Turnover
1.
return on Assets
е.
f.
Receivable Turnover
return on Equity
m.
g.
Total debt Ra tio
Transcribed Image Text:A Bi D E G H. АВС Coffee 2018 and 2019 Balance Sheet 2018 2019 2018 2019 ASSETS LIABILITIES Cash $2,060 $2,510 Account Paya ble $7,250 $5,613 Accounts Receivable $3,411 $4,288 Long Term Debt $9,800 $10,965 Inventory $18,776 $22,980 Total Current Assets $24,247 $29,778 Total Liabilities $17,050 $16,578 EQUITY Common Stock $15,000 $16,000 Net Fixed Assets $14,160 $15,500 Retained Earnings $6,357 $12,700 $21,357 $28,700 $45,278 TOTAL EQUITI ES TOTAL ASSETS $38,407 $45,278 TOTAL LIA & EQUITIES $38,407 Please do the ratios for year 2019 a. current ra tio h. Debt equity ra tio b. quick ra tio 1. Times Interest earned C. Cash Ratio J. Cash Coverage Ratio d. Total Assets Turnover k. Profit Ma rgin Inventory Turnover 1. return on Assets е. f. Receivable Turnover return on Equity m. g. Total debt Ra tio
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