please help with questions a,b,c,d at the top and question e at the bottom asap for my accounting homework. a. Current ratiob. Equity ratioC. Debt ratiod. Accounts receivable collection periodPitts Ltd.Partial Trial BalanceDecember 31, 20--AccountDebitCreditCash$14,000Accounts Receivable36,000Other Current Assets10,000Fixed Assets320,000Current Liabilities$30,000Other Liabilities300,000Owner's Equity50,000$380,000$380,000Other information:Accounts Receivable (December 31, previous year) = $43,000Net sales on credit = $328,000e. Given your ratio calculations, provide a brief analysis of Pitts Ltd. What do the ratios mean?Is Pitts Ltd. in a strong financial position? What other ratios would you like to calculate to giveyou a more thorough analysis?

Name: please help with questions a,b,c,d at the top and question e at the bo
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Description: please help with questions a,b,c,d at the top and question e at the bottom asap for my accounting homework. a. Current ratiob. Equity ratioC. Debt ratiod. Accounts receivable collection periodPitts Ltd.Partial Trial BalanceDecember 31, 20--AccountDeb

Ratio analysis means where different ratio of various years of years companies has been compared and…

Answered: a. Current ratio b. Equity ratio C.…

Business

Accounting

a. Current ratio b. Equity ratio C. Debt ratio

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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