Homework Answers
rate positively ..
| Ans 1 | Correct anwer is option - | |||||
| Current ratio. | ||||||
| Exp : Current ratio = Current asset/Current liabilities. And acid test ratio = Liquid asset / Current liabilities | ||||||
| Both ratios are used for measuring the liquidity of the company | ||||||
| Ans 2 | Return on equity = Net income/ Average Equity | |||||
| i | Net income | 32500 | ||||
| ii | Ending equity | 240000 | ||||
| iii | Beginning equity | 225000 | ||||
| iv=(ii+iii)/2 | Average equity | 232500 | ||||
| v=i/iv | ROE = | 14.0% | ||||
| Ans is option = | 14.0% | |||||
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17.4%.
18.5%.
18.0%.
16.5%.
61 days.
92 days.
101 days.
90 days.
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90 days.
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