Condensed balance sheet and income statement data for Pronghorn Corporation are presented here. PRONGHORN CORPORATION Balance Sheets
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Condensed balance sheet and income statement data for Pronghorn Corporation are presented here. PRONGHORN CORPORATION Balance Sheets December Cash$ $ $ Accounts receivable net Other current assets Investments Propertyplant, and equipment net $ $$ Current liabilities$$ $ Longterm debt Common stock$ par Retained earnings $$ $ PRONGHORN CORPORATION Income Statements For the Years Ended December Sales$ $ Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses including income taxes Net income$$ Additional information : The market price of Pronghorn's common stock was $$ and $ for and respectively You must compute dividends declared. All declared dividends were paid in cash in the year of declarationCompute the following ratios for and Round profit margin, gross profit rate and priceearnings ratio to decimal place, eg or Round asset turnover and earnings per share to decimal places, eg Round payout ratio and debt to assets ratio to decimal places, eg
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