Use the following information to calculate the liquidity and profitability ratios listed below. Round to two decimal places.
$\begin{array}{lrlr}
\text { Average owner's equity } & \$ 14,000 & \text { Net income } & \$ 2,100 \
\text { Average total assets } & 21,000 & \text { Net sales } & 17,500 \
\text { Current assets } & 15,000 & \text { Total liabilities } & 10,500 \
\text { Current liabilities } & 10,000 & &
\end{array}$
a. Current ratio
b. Working capital
c. Return on equity
d. Profit margin
e. Debt to equity ratio
f. Return on assets
g. Asset turnover

Question

Use the following information to calculate the liquidity and profitability ratios listed below. Round to two decimal places.
 $\begin{array}{lrlr}
\text { Average owner's equity } & \$ 14,000 & \text { Net income } & \$ 2,100 \
\text { Average total assets } & 21,000 & \text { Net sales } & 17,500 \
\text { Current assets } & 15,000 & \text { Total liabilities } & 10,500 \
\text { Current liabilities } & 10,000 & &
\end{array}$ 
a. Current ratio
b. Working capital
c. Return on equity
d. Profit margin
e. Debt to equity ratio
f. Return on assets
g. Asset turnover

Quizplus · Accepted Answer

The Answer of Use the following information to calculate the liquidity and profitability ratios listed below. Round to two decimal places.
 $\begin{array}{lrlr}
\text { Average owner's equity } & \$ 14,000 & \text { Net income } & \$ 2,100 \
\text { Average total assets } & 21,000 & \text { Net sales } & 17,500 \
\text { Current assets } & 15,000 & \text { Total liabilities } & 10,500 \
\text { Current liabilities } & 10,000 & &
\end{array}$ 
a. Current ratio
b. Working capital
c. Return on equity
d. Profit margin
e. Debt to equity ratio
f. Return on assets
g. Asset turnover

Use the Following Information to Calculate the Liquidity and Profitability