Brown Cow Inc.gathered the following year-end data (in thousands)for 2010 and 2009:
$$\begin{array} { l r r }
\text { Curent Assets } & \frac { 2009 } { \mathbf { 2 0 0 0 } } & \frac { \mathbf { 2 0 } 0 } { \mathbf { \$ 6 7 5 } } \
\text { Long-Tenn Arsets } & 960 & 795 \
\text { Curtert Liabilities } & 460 & 595 \
\text { Long-Term Liabilities } & 650 & 785 \
\text { Owners' Equity } & 650 & 475 \
\text { Net Sales } & 1050 & 985 \
\text { Gross Margir } & 560 & 575 \
\text { Net Income } & 330 & 310
\end{array}$$ The current ratio at the end of 2010 was (show your work):
The return on assets for 2010 was (show your work):
The return on owners' equity for 2010 was (show your work):
The asset turnover ratio for 2010 was (show your work):
The gross margin percentage for 2010 was (show your work):

Question

Brown Cow Inc.gathered the following year-end data (in thousands)for 2010 and 2009:
 $$\begin{array} { l r r } 
\text { Curent Assets } & \frac { 2009 } { \mathbf { 2 0 0 0 } } & \frac { \mathbf { 2 0 } 0 } { \mathbf { \$ 6 7 5 } } \
\text { Long-Tenn Arsets } & 960 & 795 \
\text { Curtert Liabilities } & 460 & 595 \
\text { Long-Term Liabilities } & 650 & 785 \
\text { Owners' Equity } & 650 & 475 \
\text { Net Sales } & 1050 & 985 \
\text { Gross Margir } & 560 & 575 \
\text { Net Income } & 330 & 310
\end{array}$$ The current ratio at the end of 2010 was (show your work):
The return on assets for 2010 was (show your work):
The return on owners' equity for 2010 was (show your work):
The asset turnover ratio for 2010 was (show your work):
The gross margin percentage for 2010 was (show your work):

Quizplus · Accepted Answer

The Answer of Brown Cow Inc.gathered the following year-end data (in thousands)for 2010 and 2009:
 $$\begin{array} { l r r } 
\text { Curent Assets } & \frac { 2009 } { \mathbf { 2 0 0 0 } } & \frac { \mathbf { 2 0 } 0 } { \mathbf { \$ 6 7 5 } } \
\text { Long-Tenn Arsets } & 960 & 795 \
\text { Curtert Liabilities } & 460 & 595 \
\text { Long-Term Liabilities } & 650 & 785 \
\text { Owners' Equity } & 650 & 475 \
\text { Net Sales } & 1050 & 985 \
\text { Gross Margir } & 560 & 575 \
\text { Net Income } & 330 & 310
\end{array}$$ The current ratio at the end of 2010 was (show your work):
The return on assets for 2010 was (show your work):
The return on owners' equity for 2010 was (show your work):
The asset turnover ratio for 2010 was (show your work):
The gross margin percentage for 2010 was (show your work):

Brown Cow Inc The Current Ratio at the End of 2010 Was (Show