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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
Cost of Goods Sold
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


Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M945003

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