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Vaughn Company has been operating for several years, and on December 31, 2020, presented the...

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Accounting

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Vaughn Company has been operating for several years, and on December 31, 2020, presented the following balance sheet. Cash Receivables VAUGHN COMPANY BALANCE SHEET DECEMBER 31, 2020 $37.500 Accounts payable 76,200 Mortgage payable 99,700 Common stock (51 par) 221.200 Retained earnings $434,600 Inventory Plant assets (net) $78,700 153.700 146,200 56,000 5434,600 The net income for 2020 was $24,300. Assume that total assets are the same in 2019 and 2020. (a) Compute each of the following ratios, (Round answers to 2 decimal places, eg. 1.59 or 45.87%) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio % (d) Return on assets %

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