Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jose and Salvadore's Auto body shop Balance Sheet 2076 Current Liabilities Current Assets Cash Marketable Securities Accounts Receivable Inventory Total Current Assets 1148 902 387

image text in transcribed
Jose and Salvadore's Auto body shop Balance Sheet 2076 Current Liabilities Current Assets Cash Marketable Securities Accounts Receivable Inventory Total Current Assets 1148 902 387 1358 3795 899 Long Term Liaibilites 2975 Total Lialilities 4385 Stockholders' Equity Long Term Assets 3565 7360 7360 Total Liabilities + Stockholders Equity Total Assets Jose and Salvadore's Autobody shop ncome Statement Sales Cost of Good sold Gross Margin Operating Expenses Income before interest and taxes Interest Expense Taxes Expense Net Income 11700 4949 6751 -4907 1844 563 1248 There are 624 shares of stock outstanding and they sell for $20 each. Dividends are $4 per share. 1. What is the working capital? 2. What is the Current Ratio? 3. What is the acid test ratio? 4 What is the Debt ratio? 5. What is the times interest earned ratio? 6. What is the earnings per share? 7. What is the price earnings ratio? 8. What is the divdend yield

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

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

13th Edition

007232726X, 9780072327267

More Books

Students also viewed these Accounting questions