Ratio Analysis of balance sheet - Current ration, acid test ratio etc.
Operating data for Gallup Corporation are presented below.
Balance Sheets
December 31
|
|
2008
|
2007
|
|
Cash
|
$4,300
|
$3,700
|
|
Accounts receivable
|
21,200
|
23,400
|
|
Inventory
|
10,000
|
7,000
|
|
Land
|
20,000
|
26,000
|
|
Building
|
70,000
|
70,000
|
|
Accumulated depreciation
|
-15,000
|
-10,000
|
|
Total
|
$110,500
|
$120,100
|
|
Accounts payable
|
$12,370
|
$31,100
|
|
Common stock
|
75,000
|
69,000
|
|
Retained earnings
|
23,130
|
20,000
|
|
Total
|
$110,500
|
$120,100
|