Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Additionsl information: 1 Income available to common shareholders was $151,000, 2. The weighted average number of common shares was 40,000 3. The share price at

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Additionsl information: 1 Income available to common shareholders was $151,000, 2. The weighted average number of common shares was 40,000 3. The share price at December 31 was $35,00 (a) Calculate the following values and ratios for 2021 . We provide the results for 2020 for comparative purposes. (Round current ratio, debt to totot assets, and price-earnings rotio to 1 decimal place, e 5.5.2,5.2%. Round basic earnings per shore to 2 decimal places, e.s. 5.20. 1. Workingcapital (2020.$260,500) CULLUMBER INC. Statement of Financlal Position December 31, 2021 Assets Current assets Conh Trading investments $55.100 Accounts receivable 280,800 Supplies 27,000$418,900 Property, plant, and equipment Total assets 577,3005996,200 Liabilities and Shareholders' Equity Curfent liabilities Accounts payable Income tao payable Current portion of mortgage payable Mortigage payable Total liabilities $89,000 23.000 33,500$145,500 270000 415,500 The financial statements of Cullumber Inc, are presented here: 5. Picternineratio 120200.75 timed 1. Workirecuptul 2. Currant natio 3. Deht to toulassets 4. Batcearnings pershure is 5. Price-earninssratio times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting Volume 2

Authors: Thomas Beechy, Joan Conrod, Elizabeth Farrell, Ingrid McLeod-Dick

7th Edition

1259108023, 9781259108020

More Books

Students also viewed these Accounting questions