# The balance sheet and income statement for the A. Thiel Mfg. Company are as follows. Calculate...

###### Question:

The balance sheet and income statement for the A. Thiel Mfg. Company are as follows. Calculate the ratios at the bottom.

Cash $500 Accounts receivable 2,000 Inventories 1,000 Current assets$3,500 Net fixed assets 4,500 Total assets $8,000 Accounts payable$1,100 Accrued expenses 600 Short-term notes payable 300 Current liabilities $2,000 Long-term debt 2,000 Owners' equity 4,000 Total liabilities and owners' equity$8,000
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