| Return on assets. | ||
| Return on equity. | ||
| Debt to equity ratio. | ||
| Current ratio. |
4 points
The current ratio is calculated as:
Answer
| Current assets divided by noncurrent assets. | ||
| Current assets divided by current liabilities. | ||
| Current liabilities divided by noncurrent liabilities. | ||
| Current liabilities divided by current assets. |
6 points
Excerpts from Stealth Company’s December 31, 2013 and 2012, financial statements are presented below:
Stealth Company’s 2013 inventory turnover is:
Answer
| 3.62 times. | ||
| 3.96 times. | ||
| 4.07 times. | ||
| 6.03 times. |
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