1. Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.

   Assets
   Cash and short-term investments		$41,332
   Accounts receivable (net)		32,622
   Inventory		37,470
   Property, plant, and equipment		223,439
   Total assets		$334,863
   Liabilities and Stockholders Equity
   Current liabilities			$67,136
   Long-term liabilities			93,117
   Common stock, $10 par			62,380
   Retained earnings			112,230
   Total liabilities and stockholders equity			$334,863
   Income Statement
   Sales		$81,647
   Cost of goods sold		36,741
   Gross margin		$44,906
   Operating expenses		20,759
   Net income		$24,147

   Number of shares of common stock	6,238
   Market price of common stock	$34

   What is the current ratio? Round your answer to two decimal places.

   a.1.10

   b.2.22

   c.0.62

   d.1.66

2. The declaration, record, and payment dates in connection with a cash dividend of $112,000 on a corporation's common stock are January 15, February 15, and March 15. Journalize the entries required on each date.

   If no entry is required, select "No Entry" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.

   Question Content Area

   Jan. 15	Cash,Cash Dividends, Cash Dividends Payable, Common Stock, No Entry	- Select -	- Select -
   	Cash, Cash Dividends, Cash Dividends Payable, Common Stock, No Entry	- Select -	- Select -

   Question Content Area

   Feb. 15	Cash, Cash Dividends, Cash Dividends Payable, Common Stock, No Entry	- Select -	- Select -
   	Cash, Cash Dividends, Cash Dividends Payable, Common Stock, No Entry	- Select -	- Select -

   Question Content Area

   Mar. 15	Cash, Cash Dividends, Cash Dividends Payable, Common Stock, No Entry	- Select -	- Select -
   	Cash, Cash Dividends, Cash Dividends Payable, Common Stock, No Entry	- Select -	- Select -