Business, 15.02.2021 19:50 starburst2005

Cheyenne Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. CHEYENNE COMPANY BALANCE SHEET DECEMBER 31, 2020 Cash $43,500 Accounts payable $82,800 Receivables 70,300 Mortgage payable 136,200 Inventory 103,400 Common stock ($1 par) 145,300 Plant assets (net) 227,900 Retained earnings 80,800 $445,100 $445,100The net income for 2017 was $25,000. Assume that total assets are the same in 2016 and 2017. Compute each of the following ratios. for each of the four, indicate the manner in which it is computed and its significance as tool in the analysis of the financial soundness of the company a) Current ratio b) Acid-test ratio c) Debt to assets ratio d) Return on asset

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Cheyenne Company has been operating for several years, and on December 31, 2020, presented the follo...