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5. Calculate the following ratios for Everva Corp for Year 1 (round to two decimals, e.g. 12.34, 34.56%), (SHOW YOUR CALCULATION) Everva Corp. Comparative Balance Sheet December 31, Years 1-2 Cash Temporary investments Accounts receivable Merchandise inventory Prepaid insurance Long-term investments Equipment (net) Land Goodwill Total Assets Current liabilities Long-term liabilities Common shares Retained earnings Total Liabilities and Equity 1900 yd (bsau ro) bel (a) Current ratio. (b) Acid-test ratio. Year 2 $22,000 10226,000 38,000 76,000 8,000 52,000 135,000 25,000 56,000 $438,000 $64,000 36,000 162,000 176,000 $438,000 Year 1 $20,000 36,000 48,000 6,000 18,000 128,000 21,000 51,000 $328,000 $63,000 31,000 149,000 85,000 $328,000 OF WO

5. Calculate the following ratios for Everva Corp for Year 1 (round to two decimals, e.g. 12.34, 34.56%), (SHOW YOUR CALCULATION) Everva Corp. Comparative Balance Sheet December 31, Years 1-2 Cash Temporary investments Accounts receivable Merchandise inventory Prepaid insurance Long-term investments Equipment (net) Land Goodwill Total Assets Current liabilities Long-term liabilities Common shares Retained earnings Total Liabilities and Equity 1900 yd (bsau ro) bel (a) Current ratio. (b) Acid-test ratio. Year 2 $22,000 10226,000 38,000 76,000 8,000 52,000 135,000 25,000 56,000 $438,000 $64,000 36,000 162,000 176,000 $438,000 Year 1 $20,000 36,000 48,000 6,000 18,000 128,000 21,000 51,000 $328,000 $63,000 31,000 149,000 85,000 $328,000 OF WO

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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5. Calculate the following ratios for Everva Corp for Year 1 (round to two decimals, e.g. 12.34, 34.56%), (SHOW YOUR CALCULATION) Everva Corp. Comparative Balance Sheet December 31, Years 1-2 Cash Temporary investments Accounts receivable Merchandise inventory Prepaid insurance Long-term investments Equipment (net) Land Goodwill Total Assets Current liabilities Long-term liabilities Common shares Retained earnings Total Liabilities and Equity (a) Current ratio. (b) Acid-test ratio. Year 2 $22,000 26,000 38,000 76,000 8,000 52,000 135,000 25,000 56,000 $438,000 $64,000 36,000 162,000 176,000 $438,000 Year 1 $20,000 36,000 48,000 6,000 18,000 128,000 21,000 51,000 $328,000 them $63,000 31,000 149,000 85,000 $328,000 of ten mont bars
Transcribed Image Text:5. Calculate the following ratios for Everva Corp for Year 1 (round to two decimals, e.g. 12.34, 34.56%), (SHOW YOUR CALCULATION) Everva Corp. Comparative Balance Sheet December 31, Years 1-2 Cash Temporary investments Accounts receivable Merchandise inventory Prepaid insurance Long-term investments Equipment (net) Land Goodwill Total Assets Current liabilities Long-term liabilities Common shares Retained earnings Total Liabilities and Equity (a) Current ratio. (b) Acid-test ratio. Year 2 $22,000 26,000 38,000 76,000 8,000 52,000 135,000 25,000 56,000 $438,000 $64,000 36,000 162,000 176,000 $438,000 Year 1 $20,000 36,000 48,000 6,000 18,000 128,000 21,000 51,000 $328,000 them $63,000 31,000 149,000 85,000 $328,000 of ten mont bars
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