Corleone Olive Oil Company had the following account balances at August 31, 2011
Hint: Calculate net income and ratios
Accounts Payable
Accounts Receivable
Accumulated depreciation
Cash
Cost of Goods Sold
Equipment
Inventory
Owner's Equity
Rent expense
Sales revenue
Wages payable
Bumber of common shares
Required: Calculate the following ratios:
1. Earnings per share
2. Debt to equity
3. Current ratio
4. Quick ratio
5. Return on Equity