Computation of Financial Ratios
The following data are from the financial statements of Borg Company.
|
Current assets |
$ 70,000 |
|
Total assets |
150,000 |
|
Current liabilities |
30,000 |
|
Total liabilities |
80,000 |
|
Net income |
10,000 |
|
Sales |
300,000 |
Compute Borg’s current ratio, debt ratio, asset turnover, return on assets, and return on equity.