ASAP!! Consider the given income statement and balance sheet and calculate the following ratios : Return on Assets Return on Equity Debt Ratio Current Ratio Write your comment about each of the ratios calculated what it describes. Following are the Financial Statements of CSU CORPORATION for the year ended Dec. 31, 2020 Assets : 2019 Cash $1400 Accounts Receivable 4000 Supplies 1800 Equipment 16000 Total Assets $23,200 Liabilities and Shareholders’ Equity : Liabilities : Notes Payable $5000 Accounts Payable 2000 Stockholders’ Equity : Common Stock 10000 Retained Earnings 6200 $23,200 Income Statement Revenues $10600 Expenses $5200 Supplies expenses 1500 Rent Expense 900 Insurance Expense 50 Interest Expense 50 Depreciation Expense 40 (7740) Net Income $2860
ASAP!!
Consider the given income statement and
Return on Assets Return on Equity - Debt Ratio
- Current Ratio
- Write your comment about each of the ratios calculated what it describes.
Following are the Financial Statements of CSU CORPORATION for the year ended Dec. 31, 2020
Assets : 2019
Cash $1400
Accounts Receivable 4000
Supplies 1800
Equipment 16000
Total Assets $23,200
Liabilities and Shareholders’ Equity :
Liabilities :
Notes Payable $5000
Accounts Payable 2000
Common Stock 10000
$23,200
Income Statement
Revenues $10600
Expenses $5200
Supplies expenses 1500
Rent Expense 900
Insurance Expense 50
Interest Expense 50
Net Income $2860
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