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    No matter what I do I cannot understand the calculating quick ratio, debt ratio, and return on equity. See attached file for full problem description.

    Assets Liabilities & Owners' Equity
    2001 2002 2001 2002

    Cash & Marketable Sec. 60 49 Accounts Payable 350 384
    Accts. Receivable 406 448 Notes Payable 138 108
    Inventory  600 640 Accruals  30 30
    Total Current Assets  1,066 1,137 Total Current Liab. 518 522
    Long-Term Debt 838 813
    Fixed Assets Total Liabilities 1,356 1,335
    Gross Fixed Assets 1,130 1,280 Common Stock 150 150
    Less:Acc. Depreciation 307 384 Paid In Capital 200 200
    Net Fixed Assets 823 896 Acc. Retained Earning 183 348
    Total Assets  1,889 2,033 Total Owners' Equity 533 698
    Total Liab. & Owners' Equity 1,889 2,033

    In 2002, net sales of $3,200, cost of goods sold of $2,048, depreciation expense of $77, interest expense of $74, net income of $275, and paid dividends of $110.

    What is the Quick Ratio for 2002?

    What is the debt ratio for 2002?

    What is the Return on Equity for 2002?

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    https://brainmass.com/business/debt-ratio/quick-ratio-debt-ratio-return-equity-136509

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    The solution explains how to calculate the quick ratio, debt ratio and return on equity.

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