s) West, Ine. has a net income of $800,000 for 2018, and there are 200,000 shares of common stock outstanding. Dividends declared and paid during the year amounted to $160,000 on the preferred stock and $240,000 on the common stock. The earnings per share for a) $4.00. b) $1.20 c) $3.20. d) $2.00. 2018 is Use the following information for questions 36 and 37: Current Assets Quick Assets Current Liabilities Long-term Liabilities $350,000 200,000 175,000 225,000 36) What is the amount of working capital? a) Negative $25,000 b) $125,000 c) $175,000 d) $325,000 37) What is the quick ratio, rounded to one decimal place? a) 3:1 d) 2:1 Use the following information for questions 38 and 39: Average Total Assets (except for long-term investments) Average Total Assets (including long-term investments) Average Total Stockholders' Equity Average Total Common Stockholders' Equity Net income Interest expense $ 900,000 1,000,000 512,500 412,500 75,000 25,000 38) What is the rate earned on total assets for the current year (round percent to one decimal point)? a) 7.5% b) 10.0% c) 11.1% d) 10.5% 39) What is the rate earned on stockholders' equity for the current year (round percent to one decimal point)? a) 7.5% b) 10.0% c) 14.6% d) 19,5%