Business, 12.03.2020 17:52 shanicet047ox9ff6

Ratios are another amazing way to notice variances in assets, liabilities, income, and expenses. There are tons of different ratios we could look at but let’s take a couple and examine them for Simply Yoga. Take a look at their balance sheet. Current Assets:

Cash 9550
Accounts Receivable 900
Prepaid Expenses 1100
Total Current Assets 11550

Property and Equipment:
Yoga Props (less accum depr)1500
Total property and Equip.1500
Total Assets 13050

Current Liabilities:
Accounts Payable 710
Payroll Taxes Payable 672
Payroll Taxes Payable 1382

Total Current Liabilities
Long Term Liabilities
Loan Payable 6500
Stockholder's Equity
Common Stock 1000
Retained Earnings 4186
Total Equity 5168
Total Liabilities 13050

Calculate the working capital ratio.

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Ratios are another amazing way to notice variances in assets, liabilities, income, and expenses. The...

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