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1. . 2. 17 Chang and Smith Tours has the following balance sheets: 2018 2019 Assets Cash $203 $197 Accounts Receivable 684 726 Inventory 918
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17 Chang and Smith Tours has the following balance sheets: 2018 2019 Assets Cash $203 $197 Accounts Receivable 684 726 Inventory 918 1,023 Net Fixed Assets 2,014 1,989 Total Assets $3,819 $3,935 Liabilities and Equity Accounts Payable $748 $818 Notes Payable 306 302 Long-Term Debt 1,647 1,722 Stockholders' Equity 1,118 1,093 Total Liabilities and Equity $3,819 $3,935 What is the amount of net working capital for 2019? $1,128 $1,093 $2,815 $826 Question 14 MECCS Inc. has sales of $890,000, cost of goods sold of $210,000 and general and administrative expenses of $200,000. Interest expense is $60,000, dividends paid is $55,000, and depreciation expense is $80,000. The tax rate is 21 percent and there are 8,800 shares of stock outstanding. What is the earnings per share? $25.59 $33.50 $30.52 $21.08Step by Step Solution
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