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please help!! Question 1 ( Total 40 marks) (a) (24 marks) Use the following financial statements of Aberdeen Co. to complete these requirements: 1. Compute
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Question 1 ( Total 40 marks) (a) (24 marks) Use the following financial statements of Aberdeen Co. to complete these requirements: 1. Compute the following ratios as of December 31,2021 , or for the year ended December 31,2021 : Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Debt ratio Interest coverage ratio (b) (i) Earnings per share for both 2020 and 2021. (8 marks) (ii) Give brief comment on the change of Earnings per share how do you expect this change would affect the share price. (8 marks) ABERDEEN COMPANY Comparative Income Statements For Years Ended December 31 ABERDEEN COMPANY Comparative Balance Sheets December 31, 2021 and 2020 Liabilities Current liabilities Accounts payable $164,00075,00026,000$19,00090,000292,00012,000 Long-term liabilities Notes payable (secured by mortgage on buildings) Total liabilities 665,000400,000712,000420,000 Stockholders' EquityStep by Step Solution
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