Financial statements for Rardin Corporation appear below:
Required:
Compute the following for Year 2:
a.Current ratio.
b.Acid-test (quick)ratio.
c.Average collection period.
d.Inventory turnover.
e.Times interest earned ratio.
f.Debt-to-equity ratio.

Question

Financial statements for Rardin Corporation appear below:
   Required:
Compute the following for Year 2:
a.Current ratio.
b.Acid-test (quick)ratio.
c.Average collection period.
d.Inventory turnover.
e.Times interest earned ratio.
f.Debt-to-equity ratio.

Quizplus · Accepted Answer

The Answer of Financial statements for Rardin Corporation appear below:
   Required:
Compute the following for Year 2:
a.Current ratio.
b.Acid-test (quick)ratio.
c.Average collection period.
d.Inventory turnover.
e.Times interest earned ratio.
f.Debt-to-equity ratio.

Financial Statements for Rardin Corporation Appear Below