ACC 206 Week 2 E 15 18, P 15 26A
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P14-25A - Johnson, Inc - ACC206 - Principles of Accounting II - AU
Chapter 15, E 15-18
(15-20 min.) E 15-18
Req. 1
a.Current ratio:
2012:
58,000 31,000 110,000 247,000
255,000
2011:
57,000 132,000 297,000
222,000
b.Acid-test ratio:
2012:
58,000 31,000 110,000
255,000
2011:
57,000 132,000
222,000
c.Debt ratio:
2012:
301,000*
2011:
270,000**
585,000
535,000
*Total liabilities 2012: 255,000 46,000 301,000
**Total liabilities 2011: 222,000 48,000 270,000
d. Debt to equity ratio:
2012: [(301,000 / (585,000 - 301,000)]
2011: [(270,000 / (535,000 - 270,000)]
Chapter 15, P 15-26A
(40-50 min.) P...
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