Essay
Use the following information to calculate the liquidity and profitability ratios listed below.Round to two decimal places.
a. Current ratio
b. Working capital
c. Return on equity
d. Profit margin
e. Debt to equity
f. Return on assets
g. Asset turnover
Correct Answer:

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a.1.5 ($15,000 ÷ $10,000)
b.$5,000 ($15,...View Answer
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Correct Answer:
Verified
b.$5,000 ($15,...
View Answer
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