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Business, 28.08.2020 14:01 slrich21

Vulture Sporting Goods reported the following data at March 31, 2010, with amounts adapted in thousands: Vulture Sporting Goods Company
Income Statement
For the Year Ended March 31, 2010
(Amounts in thousands)
Net revenues $174,000
Cost of goods sold 136,800
All other expenses 26,000
Net income $ 11,200
Vulture Sporting Goods Company
Statement of Retained Earnings
For the Year Ended March 31, 2010
(Amounts in thousands)
Retained earnings, March 31, 2009 $ 2,000
Add: Net income 11,200
Retained earnings, March 31, 2010 $13,200
Vulture Sporting Goods Company
Balance sheet
For the Year Ended March 31, 2010
Assets
Current
Cash 1300
Account recievable 28200
Inventories 37000
Other current assets5200
Total current assets71700
Property and equipment net6000
Other assets 28000
Total assets105700
Liabilities
Current liabilities53000
Long term liabilities12500
Total liabilities65500
Stockholder, s equity
Common stock27000
Retained earnings13200
Total stockholder's equity40200
Total liabilities and stockholder's equity105700
1. Compute Vultures current ratio. Round to two decimal places.
2. Compute Vultures debt ratio. Round to two decimal places.
Do these ratio values look strong, weak, ormiddle-of-the-road?

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