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loris [4]
3 years ago
8

Vulture Sporting Goods reported the following data at March 31, 2010, with amounts adapted in thousands:

Business
1 answer:
Ilya [14]3 years ago
3 0

Answer:

1. 1.35

2. 0.62

Explanation:

1. Current ratio is Total current assets / Total current liabilities

= $71,700 / $53,000

= 1.35

2. Debt ratio is Total liabilities / Total assets

= $65,500 / $105,700

= 0.62

The above ratios are neither weak nor strong. They are middle-of-the-road values.

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a) see attached image

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