Sprague Company has been operating for several years, and on December 31, 2017, presented the following balance sheet. GROUPER COMPANY BALANCE SHEET DECEMBER 31, 2017 Cash $25,300 Accounts payable $62,000 Receivables 115,000 Long-term notes payable 191,000 Inventory 70,000 Common stock (no par) 100,000 Plant assets (net) 358,000 Retained earnings 215,300 $568,300 $568,300 The net income for 2017 was $43,000. Assume that total assets are the same in 2016 and 2017. Compute each of the following ratios. (Round answers to 2 decimal places, e. g. 1.59 or 45.87%.)
a. Current ratio enter current ratio
b. Acid-test ratio enter Acid-test ratio
c. Debt to assets ratio enter percentages
d. Return on assets enter percentages
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Sprague Company has been operating for several years, and on December 31, 2017, presented the follow...
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