3. Compute the Current ratio for year 1 and year 2, Quick ratio for year 1 and year 2, Debt to Equity ratio for year 1, Stockholder's ratio for year 1 and year 2 and Inventory Turnover ratio for year 1." XYZ Ltd. Year 2 Assets Year 1 Assets Liabilities Liabilities Stock/Inventory Debtors Payment in Advance Cash on Hand 10,000 30,000 2,000 20,000 30,000 20,000 15,000 Sundry Creditors Acceptances Bank Overdraft Total Assets or Equities/ Total Liabilities 25,000 15,000 30,000 12,000 5,000 62,000 40,000 65,000 47,000 Sales amounted to $350,000 in the first year and $300,000 in the second year.
3. Compute the Current ratio for year 1 and year 2, Quick ratio for year 1 and year 2, Debt to Equity ratio for year 1, Stockholder's ratio for year 1 and year 2 and Inventory Turnover ratio for year 1." XYZ Ltd. Year 2 Assets Year 1 Assets Liabilities Liabilities Stock/Inventory Debtors Payment in Advance Cash on Hand 10,000 30,000 2,000 20,000 30,000 20,000 15,000 Sundry Creditors Acceptances Bank Overdraft Total Assets or Equities/ Total Liabilities 25,000 15,000 30,000 12,000 5,000 62,000 40,000 65,000 47,000 Sales amounted to $350,000 in the first year and $300,000 in the second year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me compute the ff requirements. Thanks
Transcribed Image Text:3. Compute the Current ratio for year 1 and year 2, Quick ratio for year 1 and year 2, Debt to Equity ratio
for year 1, Stockholder's ratio for year 1 and year 2 and Inventory Turnover ratio for year 1."
XYZ Ltd.
Year 1
Liabilities
Year 2
Liabilities
Assets
Assets
Stock/Inventory
Debtors
Payment in Advance
Cash on Hand
Sundry Creditors
Acceptances
Bank Overdraft
Total Assets or Equities/
Total Liabilities
10,000
30,000
2,000
20,000
20,000
30,000
15,000
25,000
15,000
30,000
12,000
5,000
62,000
40,000
65,000
47,000
Sales amounted to $350,000 in the first year and $300,000 in the second year.
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