Theta Tech SolutionsScenario: Financial Ratio AnalysisData:2023:Current Assets: $200,000Current Liabilities: $100,000Total Assets: $500,000Total Liabilities: $300,000Net Income: $50,0002022:Current...
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Accounting
Theta Tech Solutions
Scenario: Financial Ratio Analysis
Data:
- 2023:
- Current Assets: $200,000
- Current Liabilities: $100,000
- Total Assets: $500,000
- Total Liabilities: $300,000
- Net Income: $50,000
- 2022:
- 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 for 2022 and 2023.
- Calculate the debt-to-equity ratio for 2022 and 2023.
- Analyze the liquidity and solvency of the company based on these ratios.
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