Determine each of the following:
If your current ratio is 2 and your current assets are $600,000 what is the amount of your current liabilities?
If your debt to equity ratio is 1.5 and your total liabilities are $200,000 what is your total stockholders' equity?
If your return on sales is 8% and your net income is $2,000,000,how much sales did you generate during the year?

Question

Quizplus · Accepted Answer

The Answer of Determine each of the following:
If your current ratio is 2 and your current assets are $600,000 what is the amount of your current liabilities?
If your debt to equity ratio is 1.5 and your total liabilities are $200,000 what is your total stockholders' equity?
If your return on sales is 8% and your net income is $2,000,000,how much sales did you generate during the year?

Determine Each of the Following