Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sus question: below is selboted financial informat

Sus question: Below is selboted financial information from the...

50.1K

Verified Solution

Question

Accounting

image

Sus question: Below is selboted financial information from the financial statements of company y B both company A and company B started their business on Company A Company B current assets on 12/31/2017 fined assts on 1231/2017 tocal assets on 1231/2017 current liabilty on 12/31/2017 tocal lisbility on 12/31/2017 $1,000 8,000 10,000 11,000 20,000 28,000 4,000 sales revenue on 12/31/2017 4,000 4,500 Cust of gonds sold for year 2017 1,000 16,000 interest expense for year 2017 net income for year 2017 400 1.500 2,500 a) Which company provides better return on assets? (return on assets - net income/average total assets) b) Which company has less liquidity risk in terms of current ratio? current assets/current liabilities) (current ratio

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

What role did the gastrointestinal system play in altering the osmolarity of the plasma for the...

Physics
1.2K views

A bullet of mass m = 8.00 g is fired into a block of mass M...

Physics
1.2K views

What is meant by spectroscopy in modern physics? Give an example of an experimental result

Physics
1.2K views

56 An astronomical telescope of tenfold angular magnification has a length of 44 cm The...

Algebra
1.2K views

CChat AND CalcView ample 1 In Exercises 23 28 write a rule for g and...

Accounting
1.2K views

Choose the item below that would not...

Accounting
1.2K views

You plan to buy a $220000 home with a 10% down...

Accounting
1.2K views

Barger Company had the following information at December 31: Finished goods inventory, January 1 $90,000...

Accounting
1.2K views

With steps please! Or calculations On January 1, 1998, the...

Accounting
1.2K views

Bates company issued 1,200,000, 13 year bonds. It agreed to make annual deposits of 73,500...

Accounting
1.2K views

Using activity based costume results in a different total amount of overhead allocated than the...

Accounting
1.2K views

Which of the following is an acceptable solution for an employer if there is a...