For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $51,000, accounts...

For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $51,000, accounts receivable $138,000, inventories $91,000, prepaid expenses $21,000, accounts payable $72,000, and accrued expenses $68,000. Use this information to determine the Current Ratio. (Round & enter your answers to one decimal place.)Your answer :

For the FY 2018, Frederick Company had net sales of $1,150,000 and net income of $85,000, paid income taxes of $27,500, and had before tax interest expense of $20,000. Use this information to determine the Times Interest Earned Ratio. (Round your answers to one decimal place) Your Answer:

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Please find below table useful to compute desired results: -

ekkarill92 answered 1 year ago

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