The following data were taken from the financial statements of Orion Systems Inc. for the current fiscal year: Assuming that total assets were $2,009,000 at the beginning of the year, determine the following: (a) ratio of fixed assets to long-term liabilities, (b) ratio of liabilities to stockholders’ equity, (c) asset turnover, (d) rate earned on total assets, and (e) rate earned on stockholders’ equity. Round to two decimal places.
The following data were taken from the financial statements of Orion Systems Inc. for the current fiscal year: Assuming that total assets were $2,009,000 at the beginning of the year, determine the following: (a) ratio of fixed assets to long-term liabilities, (b) ratio of liabilities to stockholders’ equity, (c) asset turnover, (d) rate earned on total assets, and (e) rate earned on stockholders’ equity. Round to two decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following data were taken from the financial statements of Orion Systems Inc. for the current fiscal year:
Assuming that total assets were $2,009,000 at the beginning of the year, determine the following: (a) ratio of fixed assets to long-term liabilities, (b) ratio of liabilities to stockholders’ equity, (c) asset turnover, (d) rate earned on total assets, and (e) rate earned on stockholders’ equity. Round to two decimal places.
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