The following information is available for Bramble Corporation.
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Question:
The following information is available for Bramble Corporation.
Current assets $ $
Total assets
Current liabilities 24,000 32,000
Total liabilities 79,860 97,290
Net income 82,000 44,015
Preferred dividends 4,055 4,055
Common dividends 5,000 3,500
Common shares outstanding 42,000 32,000
at beginning of year
Common shares outstanding 77,000 42,000
at end of year
Required: a Compute earnings per share for and for Bramble. Round earnings per share to decimal places, eg
b Compute the current ratio and debt to assets ratio for each year. Round current ratio to decimal places, eg: and debt to assets ratio to decimal places, eg
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: