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The company's current ratio is (Round to two decimal places.)

The company's current ratio is (Round to two decimal places.)

Essentials Of Investments
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
Problem 1PS
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(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin The company's current ratio is (Round to two decimal places.) . Calculate the following ratios:
Transcribed Image Text:(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin The company's current ratio is (Round to two decimal places.) . Calculate the following ratios:
Data table Cash Accounts receivable Inventories Current assets Net fixed assets Total assets J. P. Robard Mfg., Inc. Balance Sheet ($000) Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity $540 1,970 1,050 $3,560 4,570 $8,130 $1,110 650 290 $2,050 1,990 4,090 $8,130 Total liabilities and owners' equity (Click on the icon in order to copy its contents into a spreadsheet.)
Transcribed Image Text:Data table Cash Accounts receivable Inventories Current assets Net fixed assets Total assets J. P. Robard Mfg., Inc. Balance Sheet ($000) Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity $540 1,970 1,050 $3,560 4,570 $8,130 $1,110 650 290 $2,050 1,990 4,090 $8,130 Total liabilities and owners' equity (Click on the icon in order to copy its contents into a spreadsheet.)
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