Calculate the 2020 current ratio using the following information: Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable Total Current Assets Total Assets Current Liabilities Long Term Debt 2020 5,000 15,000 10,000 40,000 70,000 50,000 10,000

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 4MC: Calculate the 2019 debt ratio, liabilities-to-assets ratio, times-interest-earned ratio, and EBITDA...
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Calculate the 2020 current ratio using the following information:
Balance Sheet
Cash and Cash Equivalents
Marketable Securities
Accounts Receivable
Total Current Assets
Total Assets
Current Liabilities
Long Term Debt
Shareholders Equity
Income Statement
Interest Expense
Net Income Before Income Taxes
1.17
0.60
1.40
0.80
2020
5,000
15,000
10,000
40,000
70,000
50,000
10,000
10,000
7,500
45,000
Transcribed Image Text:Calculate the 2020 current ratio using the following information: Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable Total Current Assets Total Assets Current Liabilities Long Term Debt Shareholders Equity Income Statement Interest Expense Net Income Before Income Taxes 1.17 0.60 1.40 0.80 2020 5,000 15,000 10,000 40,000 70,000 50,000 10,000 10,000 7,500 45,000
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