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The 2013 and 2014 Partial Balance Sheets for Myers Manufacturing

Question 157

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The 2013 and 2014 partial balance sheets for Myers Manufacturing Company appear below:
The 2013 and 2014 partial balance sheets for Myers Manufacturing Company appear below:     a.Calculate Myers' current ratio for 2014. b.Calculate Myers' debt ratio for 2014. c.Calculate Myer's debt-to-equity ratio for 2014.
a.Calculate Myers' current ratio for 2014.
b.Calculate Myers' debt ratio for 2014.
c.Calculate Myer's debt-to-equity ratio for 2014.

Correct Answer:

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a.$52,000/$40,000 = ...

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