# (Solved Homework): Page 224. Problem P4-9B…

Page 224. Problem P4-9B

1.Compute the following ratios for 2016 and 2015 for Ruby Company.

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(Solved Homework): Page 224. Problem P4-9B…
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a. Return on sales Ratio

b. Current ratio

c. Debt- to-total-assets ratio

2. Comment on changes to Ruby Company’s profitability, liquidity, and solvency.

Amount note given in question, but i provied formula of that ratio with assume amount.

1).

a. Return on sales = Net profit / Net Sales = 150000/2000000 = 0.075 or 7.5%

b. Current Ratio = Current Assets / Current Liabilities = 750000/500000 = 1.5

Current assets = Cash + Inventory + Accounts receivable + perpaid Expenses etc.

Current Liabilities = Accounts Payable + acrual Expenses + provisions + outstanding Expenses etc.

C. Debt to Total Assets Ratio = Debt / Total Assets = 650000/2500000 = 0.26

Debt = amount of debenture + long term loans

Total Assets = Total Amount of Assets side of Balance sheet

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