UVW Tech SolutionsScenario: Perform Ratio AnalysisData:Current Year:Current Assets: $200,000Current Liabilities: $100,000Total Assets: $500,000Total Liabilities: $300,000Net Income:...
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Accounting
UVW Tech Solutions
Scenario: Perform 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 UVW Tech Solutions' financial performance using these ratios.
- Discuss the trends and changes in financial ratios over the two years.
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