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Income statement and reconciliation of retained


Refer to the data in Exercise 14-15.Compute the following financial ratios for the year 2012:
In Exercise 14-15, Comparative financial statements for the Rahul Corporation for the year ended December 31 are given below. A total of 500,000 shares of stock were outstanding. The market value of the company's stock at the end of the year was $25.

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Rahul Corporation Comparative

Income Statement and Reconciliation of Retained Earnings For the Year Ended December 31, 2012 and 2011

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a. Current ratio.
b. Acid-test ratio (quick ratio).
c. Debt-to-equity ratio.
d. Times interest earned.
Comment on the results.

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Managerial Accounting: Income statement and reconciliation of retained
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