Principles of Accounting: Chapters 1-13
Principles of Accounting: Chapters 1-13
12th Edition
ISBN: 9781133593102
Author: Belverd E., Jr, Ph.d. Needles, Marian, Ph.D. Powers, Susan V. Crosson
Publisher: Cengage Learning
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Chapter 5, Problem 7AP

1. (a)

To determine

Calculate the amount of working capital for the year 2013 and 2014:

1. (b)

To determine

Calculate current ratio:

2. (a)

To determine

Compute the amount of profit margin.

2. (b)

To determine

Calculate asset turnover ratio.

2. (c)

To determine

Calculate return on assets.

2. (d)

To determine

Calculate debt-to-equity ratio.

2. (e)

To determine

Calculate return on equity.

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