# Buy New Liberty University BMAL 530 Quiz 3

## Buy New Liberty University BMAL 530 Quiz 3

1. Calculate the quick ratio based on the following information: cash = \$14,870; accounts receivable = \$22,108; prepaid \$3,010; supplies = \$927; equipment =\$62,150; accumulated depreciation = 13,750; accounts payable = 28,000. Round to two decimal
2. Calculate the equity ratio based on the following information: cash = \$14,870; accounts receivable = \$22,108; prepaid \$3,010; supplies = \$927; equipment = \$62,150; accumulated depreciation = 13,750; accounts payable = 28,000. Round to two decimal
3. Calculate the time’s interest earned ratio based on the following information: cash = \$14,870; accounts receivable = \$22,108; prepaid \$3,010; supplies = \$927; equipment = \$62,150; accumulated depreciation = 13,750; accounts payable = 28,000; net sales = \$325,000; interest expense \$6,000; tax expense = \$12,600; earnings before interest and taxes = \$122,623. Round to two decimal
4. Calculate the debt ratio based on the following information: cash = \$14,870; accounts receivable = \$22,108; prepaid \$3,010; supplies = \$927; equipment = \$62,150; accumulated depreciation = 13,750; accounts payable = 28,000. Round to two decimal
5. The method of analysis reviews changes to an account over time and is usually expressed as a dollar change amount. For example, the sales account would be compared to the previous year’s sales, and the increase or decrease between years would be
6. Calculate the current ratio based on the following information: cash = \$14,870; accounts receivable = \$22,108; prepaid \$3,010; supplies = \$927; equipment = \$62,150; accumulated depreciation = 13,750; accounts payable = 28,000. Round to two decimal
7. Calculate the return on total assets ratio based on the following information: cash = \$14,870; accounts receivable = \$22,108; prepaid \$3,010; supplies = \$927; equipment = \$62,150; accumulated depreciation = 13,750; accounts payable = 28,000; net sales = \$325,000; interest expense \$6,000; tax expense = \$12,600; earnings before interest and taxes = \$122,623; the number of shares outstanding = 335,000. Round to two decimal places, and assume this is the first year of operations, so beginning total assets equal \$0.
8. Calculate the working capital ratio on the following information: cash = \$14,870; accounts receivable = \$22,108; prepaid \$3,010; supplies = \$927; equipment = \$62,150; accumulated depreciation = 13,750; accounts payable = 28,000.
9. Calculate the profit margin ratio based on the following information: cash = \$14,870; accounts receivable = \$22,108; prepaid \$3,010; supplies = \$927; equipment = \$62,150; accumulated depreciation = 13,750; accounts payable = 28,000; net sales= \$325,000; interest expense \$6,000; tax expense = \$12,600; earnings before interest and taxes = \$122,623; the number of shares outstanding = 335,000. Round to two decimal
10. Calculate the debt-to-equity ratio based on the following information: cash = \$14,870; accounts receivable = \$22,108; prepaid \$3,010; supplies = \$927; equipment = \$62,150; accumulated depreciation = 13,750; accounts payable = 28,000. Round to two decimal