This is South Ltd's balance sheet at year-end.
Current assets $140 000
Long-term assets 320 000
Current liabilities 65 000
Long-term liabilities 119 000
Share capital 100 000
Retained earnings 176 000
The equity ratio is:
A) 40%.
B) 43%.
C) 60%.
D) 66%.
Correct Answer:
Verified
Q21: The formula for the profit margin ratio
Q26: To calculate the current (working capital) ratio
Q27: Why is interest added back to profit
Q38: Which statement concerning earnings per share is
Q42: Kaplan has a current ratio of 2.5
Q43: Fricker's financial records reveal this information at
Q43: An increase in the inventory turnover ratio
Q49: The quick ratio (acid test ratio) reflects:
A)
Q54: Which statement concerning the cash flow adequacy
Q57: Dividend yield on ordinary shares is calculated
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents