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Homework answers / question archive / Following is a comparative Balance sheet for Aiman Company
Following is a comparative Balance sheet for Aiman Company.
Asset: .................................................................. RM
Cash ......................................................................12,400
Marketable Securities ...........................................7,000
Account Receivable ..............................................33,000
Inventories ........................................................47,000
Plant & Equipment ............................................73,000
Other Fixed Assets............................................... 29,000
Total Asset ............................................................201,400
Liabilities & Equity :
Short term notes payable ................................... 60,000
Account Payable ..................................................20,000
Long term debt .....................................................37,500
Common Stock ....................................................40,000
Retained earnings ...............................................43,900
Total Liabilities & Equity ......................................201,400
Sales for year ended were RM200,000. Calculate the following ratios.
a) Current ratio
b) Quick Ratio
c) Debt ratio
d) ROE (Return on equity ratio)
e) ROA (Return on assets ratio)
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