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Exercise 13-3 Financial Ratios for Short-Term Creditors [LO3] Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear below. The
Exercise 13-3 Financial Ratios for Short-Term Creditors [LO3]
Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear below. The company did not issue any new common or preferred stock during the year. A total of 700 thousand shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.50. The market value of the company |
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