Question - With the help of the following information, compute: (a) Total Debt, (b) Current Debt, (c) Long-term Debt, (d) Fixed Assets, (e) Total Assets, (f) Turnover or Sales, (g) Inventory or Stock and (h) Liquid Assets.
Equity $ 100,000
The relevant ratios of the firm are as follows:
Current debt to total debt .40
Total debt to owners' equity .60
Fixed assets to owners' equity .60
Total assets turnover 2 times
Inventory turnover 8 times