AC202 analysis

AC202 analysis - Use the balance sheets of Sando shown...

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Use the balance sheets of Sando shown below to calculate the following ratios for 2008 (round to the hundredths): (a) Current ratio. (b) Acid-test ratio. (c) Debt ratio. (d) Equity ratio. Sando Co. Balance Sheet Deceber 31, 2008 and 2007 Assets: Cash. ........................................ $43,000 $22,000 Accounts receivable . ...................... 38,000 42,000 Merchandise inventory . .............. ...... 61,000 52,000 Prepaid insurance . ....................... 6,000 9,000 Long-term investments . ................... 49,000 20,000 Plant assets (net) . ........................ 218,000 218,000 Total assets . .............................. 415,000 363,000 Liabilities an Equity Current liabilities . .......................... $62,000 $75,000 Long-term libilities . ......................... 45,000 36,000 Common stock . ................................ 150,000 150,000 Retained earnings . ............................ 158,000 102,000 Total libilities and equity . .................. 415,000 363,000 2008 CURRENT RATIO=
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This note was uploaded on 11/11/2011 for the course AC 202 taught by Professor Nancyeverett during the Spring '09 term at Park.

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AC202 analysis - Use the balance sheets of Sando shown...

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