omework i ALLUVIICs puyuAL Long-term notes payable Common stock, $10 par value Retained earnings + 108,979 162,500 155,322 $ 568,310 てとして 116,063 162,500 129,390 Saved 92,069 162,500 105,390 Total liabilities and equity $ 489,922 For both the current year and one year ago, compute the following ratios: $ 416,600 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three-year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years. Current Year: 1 Year Ago: 2 Years Ago: Numerator: Current Ratio Denominator: = Current Ratio Current ratio to 1 to 1 to 1 M
omework i ALLUVIICs puyuAL Long-term notes payable Common stock, $10 par value Retained earnings + 108,979 162,500 155,322 $ 568,310 てとして 116,063 162,500 129,390 Saved 92,069 162,500 105,390 Total liabilities and equity $ 489,922 For both the current year and one year ago, compute the following ratios: $ 416,600 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three-year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years. Current Year: 1 Year Ago: 2 Years Ago: Numerator: Current Ratio Denominator: = Current Ratio Current ratio to 1 to 1 to 1 M
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:omework i
ALLUVIICs puyuAL
Long-term notes payable
Common stock, $10 par value
Retained earnings
+
108,979
162,500
155,322
$ 568,310
てとして
116,063
162,500
129,390
Saved
92,069
162,500
105,390
Total liabilities and equity
$ 489,922
For both the current year and one year ago, compute the following ratios:
$ 416,600
(1-a) Compute the current ratio for each of the three years.
(1-b) Did the current ratio improve or worsen over the three-year period?
(2-a) Compute the acid-test ratio for each of the three years.
(2-b) Did the acid-test ratio improve or worsen over the three-year period?
Complete this question by entering your answers in the tabs below.
Required 1A
Required 1B Required 2A
Required 2B
Compute the current ratio for each of the three years.
Current Year:
1 Year Ago:
2 Years Ago:
Numerator:
Current Ratio
Denominator:
=
Current Ratio
Current ratio
to 1
to 1
to 1
<Required 1A
Required 1B >
M
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