Question: Refer to the data in S10-8.
Refer to the data in S10-8. Using only year-end figures rather than averages, compute the following for Ridgeview Employment Services:
a. Net income
b. Total liabilities
c. Total assets (use the accounting equation)
d. Net profit ratio
e. Asset turnover
f. Leverage ratio
g. Return on equity
What additional information do you need before you can use this data to make decisions?
Data from S10-8
The financial statements of Ridgeview Employment Services, Inc., reported the following accounts (adapted, with dollar amounts in thousands except for par value):
Transcribed Image Text:
Paid-in capital in excess of par. Other stockholders' equity (negative).. Common stock, $0.01 par 800 shares issued.. Long-term debt $193 Total revenues.. $1,370 .... Accounts payable Retained earnings.. (27) 460 643 8. Other current liabilities. 2,562 23 Total expenses.. 812
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