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Question 1
Calculate the quick ratio ratio based on the following
information: cash = \$14,870Í¾ accounts receivable =
\$22,108Í¾ prepaid \$3,010Í¾ supplies = \$927Í¾
equipment = \$62,150Í¾ accumulated depreciation =
13,750Í¾ accounts payable = 28,000. Round to two
decimal places.

Question 2
Calculate the debt ratio based on the following
information: cash = \$14,870Í¾ accounts receivable =
\$22,108Í¾ prepaid \$3,010Í¾ supplies = \$927Í¾
equipment = \$62,150Í¾ accumulated depreciation =
13,750Í¾ accounts payable = 28,000. Round to two
decimal places.

Question 3
Calculate the working capital ratio based on the
following information: cash = \$14,870Í¾ accounts
receivable = \$22,108Í¾ prepaid \$3,010Í¾ supplies =
\$927Í¾ equipment = \$62,150Í¾ accumulated
depreciation = 13,750Í¾ accounts payable = 28,000.

Question 4
Calculate the return on total assets ratio based on
the following information: cash = \$14,870Í¾ accounts
receivable = \$22,108Í¾ prepaid \$3,010Í¾ supplies =
\$927Í¾ equipment = \$62,150Í¾ accumulated
depreciation = 13,750Í¾ accounts payable = 28,000Í¾
net sales = \$325,000Í¾ interest expense \$6,000Í¾ tax
expense = \$12,600Í¾ earnings before interest and
taxes = \$122,623Í¾ number of shares outstanding =
335,000. Round to two decimal places, and assume
this is the first year of operations.

Question 5
Calculate the current ratio based on the following
information: cash = \$14,870Í¾ accounts receivable =
\$22,108Í¾ prepaid \$3,010Í¾ supplies = \$927Í¾
equipment = \$62,150Í¾ accumulated depreciation =
13,750Í¾ accounts payable = 28,000. Round to two
decimal places.

Question 6
Calculate the times interest earned ratio based on
the following information: cash = \$14,870Í¾ accounts
receivable = \$22,108Í¾ prepaid \$3,010Í¾ supplies =
\$927Í¾ equipment = \$62,150Í¾ accumulated
depreciation = 13,750Í¾ accounts payable = 28,000Í¾
net sales = \$325,000Í¾ interest expense \$6,000Í¾ tax
expense = \$12,600Í¾ earnings before interest and
taxes = \$122,623. Round to two decimal places.

Question 7
Calculate the debt to equity ratio based on the
following information: cash = \$14,870Í¾ accounts
receivable = \$22,108Í¾ prepaid \$3,010Í¾ supplies =
\$927Í¾ equipment = \$62,150Í¾ accumulated
depreciation = 13,750Í¾ accounts payable = 28,000.
Round to two decimal places.

Question 8
Calculate the profit margin ratio based on the
following information: cash = \$14,870Í¾ accounts
receivable = \$22,108Í¾ prepaid \$3,010Í¾ supplies =
\$927Í¾ equipment = \$62,150Í¾ accumulated
depreciation = 13,750Í¾ accounts payable = 28,000Í¾
net sales = \$325,000Í¾ interest expense \$6,000Í¾ tax
expense = \$12,600Í¾ earnings before interest and
taxes = \$122,623Í¾ number of shares outstanding =
335,000. Round to two decimal places.
Question 9
Calculate the times interest earned ratio based on
the following information: cash = \$14,870Í¾ accounts
receivable = \$22,108Í¾ prepaid \$3,010Í¾ supplies =
\$927Í¾ equipment = \$62,150Í¾ accumulated
depreciation = 13,750Í¾ accounts payable = 28,000Í¾
net sales = \$325,000Í¾ interest expense \$6,000Í¾ tax
expense = \$12,600Í¾ earnings before interest and
taxes = \$122,623Í¾ number of shares outstanding =
335,000. Round to two decimal places.

Question 10
Calculate the equity ratio based on the following
information: cash = \$14,870Í¾ accounts receivable =
\$22,108Í¾ prepaid \$3,010Í¾ supplies = \$927Í¾
equipment = \$62,150Í¾ accumulated depreciation =
13,750Í¾ accounts payable = 28,000. Round to two
decimal places.