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

Question

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

Quizplus · Accepted Answer

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

Financial Statements for Rarig Company Appear Below