1. What is the current ratio for Denmark, Inc., which has current assets of $148,947 and current liabilities of $103,537?
2. Find the operating ratio for Chaney's Pharmacy if the annual cost of goods sold is $315,842, the operating expenses are
$62,917, and net sales are $597,064.
3. Find the gross profit margin ratio if The Premier Eatery had net sales of $392,054 and its cost of goods sold was $179,515.
4. Proud Larry's Grill reported net sales of $289,512 and had aver- age total assets of $145,753. Find its asset turnover ratio.
5.
|
George
|
José
|
|
Current assets
|
$28,000
|
$840,000
|
|
Current liabilities
|
- 7,000
|
-819,000
|
|
Working capital
|
$21,000
|
$21,000
|
|
|
Find the current ratio for George's business and the current ratio for José's business, given the following information: