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The following accounts are taken from the financial statements of Edington Company. The accounts are in alphabetical order. accounts payable $28,000 net sales 500,000 accounts
The following accounts are taken from the financial statements of Edington Company. The accounts are in alphabetical order. accounts payable $28,000 net sales 500,000 accounts receivable 65,000 other current liabilities 20,000 average common shares o/s 20,000 salaries payable 7,000 cash 56,000 stockholder's equity 169,000 gross profit 190,000 total assets 325,000 net income 50,000 total liabilities 156,000 Instructions Compute the following: (a) Current ratio (b) Working capital (c) Earnings per share (d) Debt to total assets ratio
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