Epsilon Tech SolutionsScenario: Ratio AnalysisData:Current Year:Current Assets: $200,000Current Liabilities: $100,000Total Assets: $500,000Total Liabilities: $300,000Net Income: $50,000Previous...
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Accounting
Epsilon Tech Solutions
Scenario: Ratio Analysis
Data:
- Current Year:
- Current Assets: $200,000
- Current Liabilities: $100,000
- Total Assets: $500,000
- Total Liabilities: $300,000
- Net Income: $50,000
- Previous Year:
- Current Assets: $180,000
- Current Liabilities: $90,000
- Total Assets: $450,000
- Total Liabilities: $270,000
- Net Income: $45,000
Requirements:
- Calculate the current ratio and quick ratio for both years.
- Calculate the debt-to-equity ratio and return on equity for both years.
- Analyze Epsilon Tech Solutions' financial performance using these ratios.
- Discuss the trends and changes in financial ratios over the two years.
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