Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Aug 2017 My Price 9.00

Liquidity and profitability Ratios

Liquidity and profitability Ratios

2014 2013 Current assets $ 45,000 $ 35,000 Total assets 145,000 110,000 Current liabilities 20,000 10,000 Long-term liabilities 20,000 — Stockholders’ equity 105,000 100,000 Net sales 262,000 200,000 Net income 16,000 11,000 p3. Business appliCation ▶ Julio Company has had poor operating results for the past two years. As Julio’s accountant, you have the following information available to you:

 

 

 

 

 

 

 

 

Total assets and stockholders’ equity at the beginning of 2013 were $90,000 and

$80,000, respectively.

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LO 2, 3

 

ReqUIReD

1.    Compute the following measures of liquidity for 2013 and 2014: (a) working capi- tal and (b) current ratio. Comment on the differences between the years. (Round to one decimal place.)

2.    Compute the following measures of profitability for 2013 and 2014: (a) profit mar- gin, (b) asset turnover, (c) return on assets, (d) debt to equity ratio, and (e) return on equity. Comment on the change in performance from 2013 to 2014. (Round to one decimal place.)

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Aug 2017 09:08 PM My Price 9.00

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