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Calculate the Following Financial Ratios for the Hokie Corporation Using

Question 107

Essay

Calculate the following financial ratios for the Hokie Corporation using the information given in Table 4 and 2016 information.
current ratio
acid test ratio
debt ratio
long-term debt to total capitalization
return on total assets
return on common equity

Correct Answer:

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Current ratio = ($46/$28) = 1.64
Acid te...

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