Purchase Solution

Ratios in Accounting

Not what you're looking for?

Ask Custom Question

Use the information from the attached balance sheet and income statement to calculate:

Liquidity Ratios:
1. Current Ratio
2. Acid-test (quick) Ratio

Profitability Ratios:
1. Asset Turnover

Please show how answers were calculated.

Attachments
Purchase this Solution
Solution Summary

Excel file contains calculations of:
Liquidity Ratios:
1. Current Ratio
2. Acid-test (quick) Ratio

Profitability Ratios:
1. Asset Turnover

Purchase this Solution
Free BrainMass Quizzes
Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

View More Free Quizzes
Related BrainMass Solutions

  • Value of financial ratios to a case analysis

    * Ratios are subject to the limitations of accounting methods. Different accounting choices may result in significantly different ratio values. The expert examines the value of financial ratios to a case analysis.

  • Liquidity & solvency ratios

    203699 Irregular items, accounting change, horizontal analysis, liquidity & solvency ratios 1. What are examples of irregular items? How does a change in accounting principles affect the financial statements?

  • Marketing Mix

    In their simplest form accounting ratios give the relative size of two selected numerical values from a firm's financial statement. Also in case of accounting there are standard ratios that evaluate the financial condition of the firm.

  • Give an example of a financial calculation or transaction th

    Did it change the way that you regard accounting numbers, in general? Yes, it did change the way I regard accounting numbers, in general.

  • Limitations of ratio analysis

    * Creative accounting The businesses apply creative accounting in trying to show the better financial performance or position which can be misleading to the users of financial accounting. 2.

  • Financial Ratios for Yahoo 2008-2011

    494085 Financial Ratios for Yahoo Please help with the following accounting problem - figure out the financial ratios for the company "Yahoo" over the last 5 years.

  • Please choose 3 terms from the following list for this paper

    If the inventory turnover is low or has decreased in the last accounting period, it indicates that the inventory is sitting for a longer period, before being sold.

  • Review the requirements of the below Mini-Case

    Comparison of the ratios with past trends and with competitors in the industry may not give a correct picture as the figures may not be easily comparable due to the difference in accounting policies, accounting period etc. which may differ from company

  • Accounting & relevance in actual organizational perspectives

    The principles and information learned in accounting can be put to actual use by interpreting the accounting information in the correct manner.

  • Verizon Communications: history, ratios, industry

    - Who would be interested in each of the ratios listed above? Why? - How well is this company doing? If possible, find the industry ratios for comparison.

View More Related Solutions