Homework: hmwk 5 Score: 0 of 1 pt Bookmatch 4-17 (book/static) Oli 3 of 5 (0 com
ID: 2824032 • Letter: H
Question
Homework: hmwk 5 Score: 0 of 1 pt Bookmatch 4-17 (book/static) Oli 3 of 5 (0 complete) HW Score: Que (Ratio analysis) Artz, Inc.'s financial statements for 2015 are shown in the popup windowEE The chief financial officer for Artz has acquired industry averages for the following ratios in the popup window: EEB a. Compute the ratios listed above for Artz. b. Compared to the industry: (1) How liquid is the firm? (2) Are its managers generating attractive operating profit on the firm's assets? (3) How is the firm financing its assets? 4) Are its managers generating a good return on equity? a. Compute the ratios for Artz. The current ratio is (Round to two decimal places.)Explanation / Answer
a. Current ratio = total current assets / total current liabilties
= 2000 / 800
= 2.5
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