Balance Sheet 3-Dudes, Inc. Liabilities & Owners' Equity: Assets: 2021 2022 $22,000 $18,000 $26,000 $30,000 $28,000 $31,000 $76,000 $79,000 2022 $45,000 $220,000 $195,000Notes Pay $27,000 $292,000 $246,000Total CL 2021 Cash $21,000Accts Pay Accts. Rec. $30,000Other CL Inventories Total CA $600,000 $570,000LT Debt -$210,000 -$190,000Total Liab $390,000 $380,000 $285,000 $250,000 $361,000 $329,000 PP&E Depreciation Net PP&E $80,000 $80,000 Equity $626,000Ret Earn. Total equity Total Liab+EQ $241,000 $217,000 $321,000 $297,000 $682,000 $626,000 Total Assets $682,000 Simplified Income Statement - 2022 3-Dudes, Inc $1,200,000 -$470,000 $730,000 Revenue Cost of Goods Sold Gross Profit Operating Expenses (G&A): Earnings before interest and taxes (EBIT) Interest charges: Earnings before taxes (EBT) Taxes -$260,000 $470,000 -$28,000 $442,000 -$132,600 $309,400 Net Income 6. Quick Ratio 2021 2022 What does the change from 2021 to 2022 in the Quick Ratio indicate?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Balance Sheet
3-Dudes, Inc.
Liabilities & Owners' Equity:
Assets:
2021
2022
$22,000 $18,000
$26,000 $30,000
$28,000 $31,000
$76,000 $79,000
2022
$45,000
$220,000 $195,000Notes Pay
$27,000
$292,000 $246,000Total CL
2021
Cash
$21,000Accts Pay
Accts. Rec.
$30,000Other CL
Inventories
Total CA
$600,000 $570,000LT Debt
-$210,000 -$190,000Total Liab
$390,000 $380,000
$285,000 $250,000
$361,000 $329,000
PP&E
Depreciation
Net PP&E
$80,000 $80,000
Equity
$626,000Ret Earn.
Total equity
Total Liab+EQ
$241,000 $217,000
$321,000 $297,000
$682,000 $626,000
Total Assets
$682,000
Simplified Income Statement - 2022
3-Dudes, Inc
$1,200,000
-$470,000
$730,000
Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses (G&A):
Earnings before interest and taxes (EBIT)
Interest charges:
Earnings before taxes (EBT)
Taxes
-$260,000
$470,000
-$28,000
$442,000
-$132,600
$309,400
Net Income
Transcribed Image Text:Balance Sheet 3-Dudes, Inc. Liabilities & Owners' Equity: Assets: 2021 2022 $22,000 $18,000 $26,000 $30,000 $28,000 $31,000 $76,000 $79,000 2022 $45,000 $220,000 $195,000Notes Pay $27,000 $292,000 $246,000Total CL 2021 Cash $21,000Accts Pay Accts. Rec. $30,000Other CL Inventories Total CA $600,000 $570,000LT Debt -$210,000 -$190,000Total Liab $390,000 $380,000 $285,000 $250,000 $361,000 $329,000 PP&E Depreciation Net PP&E $80,000 $80,000 Equity $626,000Ret Earn. Total equity Total Liab+EQ $241,000 $217,000 $321,000 $297,000 $682,000 $626,000 Total Assets $682,000 Simplified Income Statement - 2022 3-Dudes, Inc $1,200,000 -$470,000 $730,000 Revenue Cost of Goods Sold Gross Profit Operating Expenses (G&A): Earnings before interest and taxes (EBIT) Interest charges: Earnings before taxes (EBT) Taxes -$260,000 $470,000 -$28,000 $442,000 -$132,600 $309,400 Net Income
6. Quick Ratio
2021
2022
What does the change from 2021 to 2022 in the Quick Ratio indicate?
Transcribed Image Text:6. Quick Ratio 2021 2022 What does the change from 2021 to 2022 in the Quick Ratio indicate?
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