Compute for the Current ratio for 2017, Interest Coverage ratio, Profit margin or Return on Sales for 2018, Return on Assets for 2018 and Return on Equity for 2018 Theodore Company's Financial Statement contains the following information: 2018 (Php) 160,000 400,000 320,000 2,160,000 12.000 3,052,000 6.400,000 800,000 1,600,000 2,000,000 812.000 2017 (Php) Cash Sundry Debtors Temporary Investments Stock Prepaid Expenses Total Current Assets Total Assets Current Liabilities Loans 200,000 320,000 200,000 1,840,000 28.000 2,588,000 5.600.000 640,000 1,600,000 2,000,000 468,000 Capital Retained Earnings Statoment of Profit for the Current Year Sales Less Cost of Goods sold Less Interest 4,000,000 (2.800.000) 160,000 1,040,000 520.000 520.000 Net Income Less taxes @ 50% Income after taxes Profit distributed 220,000

Compute for the Current ratio for 2017, Interest Coverage ratio, Profit margin or Return on Sales for 2018, Return on Assets for 2018 and Return on Equity for 2018 Theodore Company's Financial Statement contains the following information: 2018 (Php) 160,000 400,000 320,000 2,160,000 12.000 3,052,000 6.400,000 800,000 1,600,000 2,000,000 812.000 2017 (Php) Cash Sundry Debtors Temporary Investments Stock Prepaid Expenses Total Current Assets Total Assets Current Liabilities Loans 200,000 320,000 200,000 1,840,000 28.000 2,588,000 5.600.000 640,000 1,600,000 2,000,000 468,000 Capital Retained Earnings Statoment of Profit for the Current Year Sales Less Cost of Goods sold Less Interest 4,000,000 (2.800.000) 160,000 1,040,000 520.000 520.000 Net Income Less taxes @ 50% Income after taxes Profit distributed 220,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...

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