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Assessing a Firm's Profitability, Liquidity and Solvency Presented below is financial data for the Forrester Company as of year-end 2012 and 2013:
| 2012 | | 2013 |
Current Assets | $45,000 | | $65,000 |
Total Assets | 120,000 | | 180,000 |
Current Liabilities | 29,000 | | 70,000 |
Total Liabilities | 72,000 | | 112,000 |
Net Sales | 142,000 | | 197,000 |
Net Income | 17,500 | | 35,200 |
Required Calculate Forrester's current ratio, debt-to-total-assets ratio, and return on sales ratio.
| 2012 | | 2013 | |
Current ratio | _______ | | ________ | Round to two decimal points. |
Debt-to-total assets rati | _______ % | | _______ % | Round to one decimal point. |
Return on sales ratio | _______% | | _______% | Round to one decimal point. |
Answer & Explanation
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