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computation of financial ratios the following data are from the financial statements 691778

Computation of Financial Ratios

The following data are from the financial statements of Borg Company.

Current assets                                 

                             $ 70,000

Total assets                                   

                             150,000

Current liabilities                               

                             30,000

Total liabilities                                 

                             80,000

Net income                                   

                             10,000

Sales                                        

                             300,000

Compute Borg’s current ratio, debt ratio, asset turnover, return on assets, and return on equity.

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