ASAP!! Consider the given income statement and balance sheet and calculate the following ratios : Return on Assets Return on Equity Debt Ratio Current Ratio Write your comment about each of the ratios...


ASAP!!
      Consider the given income statement and balance sheet and calculate the following ratios :




  1. Return on Assets

  2. Return on Equity

  3. Debt Ratio

  4. Current Ratio

  5. Write your comment about each of the ratios calculated what it describes.



Following are the Financial Statements of CSU CORPORATION for the year ended Dec. 31, 2020




Assets :                                                           2019


Cash                                                              $1400


Accounts Receivable                                        4000


Supplies                                                          1800


Equipment                                                     16000


Total Assets                                                $23,200




Liabilities and Shareholders’ Equity :


Liabilities :


Notes Payable                                                $5000


Accounts Payable                                            2000


Stockholders’ Equity :


Common Stock                                              10000


Retained Earnings                                            6200


                                                                  $23,200





Income Statement



Revenues                                                           $10600


Expenses                                     $5200


Supplies expenses                          1500


Rent Expense                                  900


Insurance Expense                             50


Interest Expense                                50


Depreciation Expense                        40              (7740)


Net Income                                                          $2860



Jun 08, 2022
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