The following data were taken from the financial statements of Orion Systems Inc. for the current fiscal year: Assuming that total assets were $2,009,000 at the beginning of the year, determine the following: (a) ratio of fixed assets to long-term liabilities, (b) ratio of liabilities to stockholders’ equity, (c) asset turnover, (d) rate earned on total assets, and (e) rate earned on stockholders’ equity. Round to two decimal places.
The following data were taken from the financial statements of Orion Systems Inc. for the current fiscal year: Assuming that total assets were $2,009,000 at the beginning of the year, determine the following: (a) ratio of fixed assets to long-term liabilities, (b) ratio of liabilities to stockholders’ equity, (c) asset turnover, (d) rate earned on total assets, and (e) rate earned on stockholders’ equity. Round to two decimal places.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6E: The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal...
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The following data were taken from the financial statements of Orion Systems Inc. for the current fiscal year:
Assuming that total assets were $2,009,000 at the beginning of the year, determine the following: (a) ratio of fixed assets to long-term liabilities, (b) ratio of liabilities to stockholders’ equity, (c) asset turnover, (d) rate earned on total assets, and (e) rate earned on stockholders’ equity. Round to two decimal places.
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