Accounting

Question 1
Calculate the quick ratio ratio based on the following information: cash = $14,870; accounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment = $62,150; accumulated depreciation = 13,750; accounts payable = 28,000. Round to two
decimal places.

Question 2
Calculate the debt ratio based on the following information:
cash = $14,870; accounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment = $62,150; accumulated depreciation = 13,750; accounts payable = 28,000. Round to two decimal places.

Question 3

Calculate the working capital ratio based on the following information:
cash = $14,870; accounts
receivable = $22,108; prepaid $3,010;
supplies =$927; equipment = $62,150; accumulated
depreciation = 13,750; accounts payable = 28,000.

Question 4

Calculate the return on total assets ratio based on the following information:
cash = $14,870; accounts
receivable = $22,108; prepaid $3,010; supplies =
$927; equipment = $62,150; accumulated
depreciation = 13,750; accounts payable = 28,000;
net sales = $325,000; interest expense $6,000; tax
expense = $12,600; earnings before interest and
taxes = $122,623; number of shares outstanding =
335,000. Round to two decimal places, and assume this is the first year of operations.

Question 5

Calculate the current ratio based on the following information: cash = $14,870; accounts receivable =
$22,108; prepaid $3,010; supplies = $927;
equipment = $62,150; accumulated depreciation =
13,750; accounts payable = 28,000. Round to two decimal places.

Question 6

Calculate the times interest earned ratio based on the following information:
cash = $14,870; accounts
receivable = $22,108; prepaid $3,010; supplies =
$927; equipment = $62,150; accumulated
depreciation = 13,750; accounts payable = 28,000;
net sales = $325,000; interest expense $6,000; tax
expense = $12,600; earnings before interest and
taxes = $122,623. Round to two decimal places.

Question 7

Calculate the debt to equity ratio based on thefollowing information:
cash = $14,870; accounts
receivable = $22,108; prepaid $3,010; supplies =
$927; equipment = $62,150; accumulated
depreciation = 13,750; accounts payable = 28,000.
Round to two decimal places.

Question 8

Calculate the profit margin ratio based on the following information:
cash = $14,870; accounts
receivable = $22,108; prepaid $3,010; supplies =
$927; equipment = $62,150; accumulated
depreciation = 13,750; accounts payable = 28,000;
net sales = $325,000; interest expense $6,000; tax
expense = $12,600; earnings before interest and
taxes = $122,623; number of shares outstanding =
335,000. Round to two decimal places.

Question 9

Calculate the times interest earned ratio based on the following information:
cash = $14,870; accounts
receivable = $22,108; prepaid $3,010; supplies =
$927; equipment = $62,150; accumulated
depreciation = 13,750; accounts payable = 28,000;
net sales = $325,000; interest expense $6,000; tax
expense = $12,600; earnings before interest and
taxes = $122,623; number of shares outstanding =
335,000. Round to two decimal places.

Question 10

Calculate the equity ratio based on the following information:
cash = $14,870; accounts receivable =
$22,108; prepaid $3,010; supplies = $927;
equipment = $62,150; accumulated depreciation =
13,750; accounts payable = 28,000. Round to two decimal places

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