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Jones Corp. reported current assets of $191,000 and current liabilities of $136,000 on its most recent balance sheet. The working capital is:

		40%.
		140%.
		$55,000.
		71%.
		($55,000).

A corporation issued 5300 shares of $10 par value common stock in exchange for some land with a market value of $76,000. The entry to record this exchange is:

		Debit Land $76,000; credit Common Stock $53,000; credit Paid-In Capital in Excess of Par Value, Common Stock $23,000.
		Debit Common Stock $53,000; debit Paid-In Capital in Excess of Par Value, Common Stock $23,000; credit Land $76,000.
		Debit Land $53,000; credit Common Stock $53,000.
		Debit Land $76,000; credit Common Stock $76,000.
		Debit Common Stock $76,000; credit Land $76,000.

Fetzer Company declared a $0.35 per share cash dividend. The company has 400,000 shares authorized, 380,000 shares issued, and 16,000 shares in treasury stock. The journal entry to record the payment of the dividend is:

		Debit Common Dividends Payable $127,400; credit Cash $127,400.
		Debit Retained Earnings $127,400; credit Common Dividends Payable $127,400.
		Debit Retained Earnings $140,000; credit Common Dividends Payable $140,000.
		Debit Retained Earnings $133,000; credit Common Dividends Payable $133,000.
		Debit Common Dividends Payable $133,000; credit Cash $133,000.

Mayan Company had net income of $36,520. The weighted-average common shares outstanding were 8800. The company has no preferred stock. The company's earnings per share is:

		$4.15.
		$5.00.
		$4.21.
		$1.17.
		$4.09.

Refer to the following selected financial information from Gomez Electronics. Compute the company's times interest earned for Year 2.

				Year 2			Year 1
Net sales				$	483,500		$	427,250
Cost of goods sold					277,300			251,120
Interest expense					10,700			11,700
Net income before tax					68,250			53,680
Net income after tax					47,050			40,900
Total assets					319,100			294,000
Total liabilities					176,400			168,300
Total equity					142,700			125,700
		5.4.
		13.3.
		4.4.
		7.4.
		6.4.