Using the financial information in the following tables, compute
the required ratios for AJ Ltd
ABC COMPANY
BALANCE SHEET
AS OF DECEMBER 31, 2018
ASSETS
2018
2017
2016
Current assets
Cash
$501,992
$434,215
$375,141
Accounts receivable
335,272
302,514
241,764
Inventory
515,174
505,321
310,885
Prepaid expenses
251,874
231,100
136,388
Total current assets
$1,604,312
$1,473,150
$1,064,178
Property, plant, and equipment
765,215
735,531
705,132
Accumulated depreciation
-218,284
-196,842
-175,400
TOTAL ASSETS
$2,151,243
$2,011,839
$1,593,910
LIABILITIES
Current liabilities
Accounts payable
$248,494
$366,864
$322,156
Accrued...