Homework Answers
16)
Current ratio = Current Assets/ Current Liabilities = 36,000/41,000 = 0.878 = 0.88
17)
Net Income = Profit margin * Sales = 6% * 195,000 = $ 11,700
18)
Debt to Equity ratio = (Long term debt + Current Liabilities)/ (Total Book value of equity) = (48,000+ 41,000)/(147,000-(48,000+41,000))
where BV of Equity= (Total Assets - Total Debt )
D/E = 1.534
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