1. A corporation reports the following balances and amounts: Accounts payable, $50,000 Cash provided by operations, $100,000 Accounts receivable, $35,000 Net income, $40,000 Average number of common shares, 15,000 Salaries and wages payable, $40,000 Average current liabilities, $225,000 Stockholders equity, $200,000 Average total assets, $600,000 Current assets, $300,000 Average total liabilities, $320,000 Current liabilities, $250,000 Dividends paid to preferred shareholders, $5,000

Determine its earnings per share?

Group of answer choices

$4.00

$1.30

$2.33

$1.50

$1.80

2.The following ratios are available for Alpha Inc. and Omega Inc.

	Alpha Inc.	Omega Inc.
Current ratio	1.8	1.6
Earnings per share	$1.5/share	$1/share

Compared to Alpha Inc., Omega Inc. has

Group of answer choices

lower profitability.

higher solvency.

higher liquidity.

lower liquidity.

lower solvency.

3. A company has assets of $3,000,000, common stock of $780,000, and liabilities of $475,000. What is the companys retained earnings?

Group of answer choices

$4,255,000

$3,305,000

$2,695,000

$1,255,000

$1,745,000

4. Based on the following data (in dollars), what is the current ratio?

Accounts payable	$ 110,000		Investments in bonds	170,000
Accounts receivable	80,000		Land	190,000
Accumulated depreciation	40,000		Notes payable (due in 2 years)	180,000
Buildings	226,000		Patents	140,000
Cash	84,000		Prepaid insurance	60,000
Common stock	240,000		Salaries and wages payable	20,000
Inventory	140,000

Group of answer choices

3.31

3.39

2.34

1.26

2.80