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Week Two Check Point: Financial Ratios
Leela Leinius
Axia Collage at University of Phoenix
Week Two Checkpoint 2
Part one:
To determine Current ratio
Total current assets $55,515
Total current liabilities $74,892
$55,515 / $74,892 = .74
This means that GM has $0.74 in current assets f or ever $1 of current liabilities
To determine Debt ratio
Total assets $482,029
Total debt (liabilities) $453,906 plus Minority interests $397 = $454,303
$454,303 / $482,029 = ...
Essay fragment
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Week Two Check Point: Financial Ratios
Leela Leinius
Axia Collage at University of Phoenix
Week Two Checkpoint 2
Part one:
To determine Current ratio
Total current assets $55,515
Total current liabilities $74,892
$55,515 / $74,892 = .74
This means that GM has $0.74 in current assets f or ever $1 of current liabilities
To determine Debt ratio
Total assets $482,029
Total debt (liabilities) $453,906 plus Minority interests $397 = $454,303
$454,303 / $482,029 = ...
Essay fragment
General points of the essay
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