Consider the following financial information:
- Total Equity = $500,000
- Total Liabilities = $300,000
- Average Inventory = $150,000
- Cost of Goods Sold = $4,000,000
- Current Liabilities = $200,000
- Current Assets = $600,000
- Net Income = $100,000
- Net Sales = $1,000,000
- Average Accounts Recievable = $125,000
- Average Number of Shares = $55,000
Given this financial information, answer the following questions:
- Compute the Debt to Total Assets ratio, and provide a paragraph outlining what this means to a given business (why it is important).
- Compute the Accounts Receivable Turnover ratio, and provide a paragraph outlining what this means to a given business (why it is important).
- Compute the Quick Ratio, and provide a paragraph outlining what this means to a given business (why it is important).
- Compute the Earnings Per Share ratio, and provide a paragraph outlining what this means to a given business (why it is important).
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