Corleone olive oil company had the following account, Ask an Expert

Accounting

Corleone Olive Oil Company had the following account balances at August 31, 2011
Hint: find out 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: find out the following ratios:

1. Earnings per share
2. Debt to equity
3. Current ratio
4. Quick ratio
5. Return on Equity

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M945003

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