Reve ViewHelpO Tell me what you want to do : .e., ||1Normal INo Spac Heading 1 Heading 2 Title Subtitle Paragraph Styles Question 24 The following data are taken from the balance sheet at the end of the current a. year Cash Accounts receivable $154,000 210,000 240,000 15,000 Inventory Prepaid expenses Temporary investments 350,000 Property, plant, and375,000 equipment Accounts payable Accrued liabilities Income tax payable Notes payable, short-term 85,000 245,000 4,000 10,000 Determine the following Round ratios to one decimal place (a) working capital- (b) current ratio = (c) quick ratio AaBbccDc AaBbCcDx AaBbC AaBbCct A : e-lon. Normal TNo Space, Heading 1 Heading 2 Paragraph Styles b. The following data are taken from the financial statements: Current Year Preceding Year 820,000 1,400,000 Current assets Property, plant, and equipment Current liabilities 745,000 1,510,000 1 (non-interest-bearing) Long-term liabilities, 12% Preferred 10% stock Common stock, $25 par Retained earnings 160,000 400,000 250,000 140,000 400,000 250,000 1,200,000 1,200,000 beginning of year Net income for year Preferred dividends declared Common dividends declared 230,000 110,000 (25,000) (70,000) 160,000 155,000 (25,000) (60,000) 1 I Paragraph Spacin mu Title Title TITLE Efects Colors Fonts Set as Default Document Formatting The current market price per share of common stock is $25 termine for the current year. Round dollar values to two decimal places and other final answers to one decimal place (a) Return on total assets (b) Return on stockholders' equity (c) Return on common stockholders' equity (d) Earnings per share on common stock