Question: The following data were reported by Universe Company at year-end:  Total assets  $525,000  Quick ...

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Show transcribed image text The following data were reported by Universe Company at year-end: Total assets $525,000 Quick assets 105,000 Noncurrent assets 375,000 Current liabilities 75,000 Long-term liabilities 75,000 Common stock (par $10) 170,000 Total stockholders' equity 375,000 Required: Calculate each of the following ratios: A. Debt-to-equity B. Current ratio C. Quick ratio D. Which of the above ratios, if any, are liquidity ratios? E. Which of the above ratios, if any, are profitability ratios?

The following data were reported by Universe Company at year-end: Total assets $525,000 Quick assets 105,000 Noncurrent assets 375,000 Current liabilities 75,000 Long-term liabilities 75,000 Common stock (par $10) 170,000 Total stockholders' equity 375,000 Required: Calculate each of the following ratios: A. Debt-to-equity B. Current ratio C. Quick ratio D. Which of the above ratios, if any, are liquidity ratios? E. Which of the above ratios, if any, are profitability ratios?

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