Computation of various ratios - Accounts Ratio Analysis by ClassOf1

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									              Sub: Accounts                                                                           Topic: Ratio Analysis



              Question:
              Computation of various ratios from the given financial statements.

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              The condensed financial statements of Westward Corporation for 2006 are presented below.

                       Westward Corporation                                                  Westward Corporation

                               Balance Sheet                                                    Income Statement

                            December 31, 2006                                     For the Year Ended December 31, 2006



               Assets                                                    Revenues                                       $2,000,000
               Current assets                                            Expenses
               Cash and temporary                                        Cost of goods sold                               1,0
								
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