Financial Data for Acme Corporation Is Presented Below. Using This Data, Calculate the Following for 2010:

Assignment 2: Ratio Analysis

On Thursday, May 17, 2012, solve the problems. Post your work to the Discussion Area.

Financial Data for Acme Corporation is presented below. Using this data, calculate the following for 2010:

The total current assets of Acme Corporation is: $ 215000

Current assets include

• Cash and cash equivalents

• Accounts receivable

• Inventories

• Prepaid expenses for future services that will be used within a year

The total current liabilities of Acme Corporation is: $145000

Current total liabilities include

• Accounts payable

• Provisions for warranties or court decisions

• Financial liabilities (excluding provisions and accounts payable), such as promissory notes and corporate bonds

• Liabilities and assets for current tax

• Deferred tax liabilities and deferred tax assets

• Unearned revenue for services paid for by customers but not yet provided

|Acme Company |

|Income Statement |

|For Year Ending December 31 |

|  |  |  |  |  |  |  |

| | | | | | | |

| |Interest Expense | | |7,800 | |6,000 | |

| |Income Tax Expense | | |18,000 | |14,000 | |

| | | |...