Presented below are the comparative balance sheets of Big Apple, Inc., at December 31, 2017, and 2016. Sales for the year ended December 31, 2017, totaled $1,780,000.Required:
A) Calculate ROI for 2017.B) Calculate ROE for 2017.C) Calculate working capital at December 31, 2017.D) Calculate the current ratio at December 31, 2017.E) Calculate the acid-test ratio at December 31, 2017.
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A) ROI = Margin * Turnover = (Net Incom...View Answer
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