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The following data are taken from the financial statements of JB James, Inc. The average number of shares of common stock outstanding for the
The following data are taken from the financial statements of JB James, Inc. The average number of shares of common stock outstanding for the year was 3,200. The following data are in are provided: Accounts payable $12,800 Net sales $235,200 Accounts receivable 14,400 Other current liabilities 8,800 Cash 33,600 Salaries and wages payable 2,400. Gross profit 91,200 Total stockholders' equity 107,520 Net income 16,000 Total assets 192,000 Compute the following: (Round Earnings per share to 2 decimal places, e.g. 52.51 and all other answers to 1 decimal place, e.g. 525.1.) 1. Current ratio 2. Debt to assets ratio :1 3. Earnings per share $ per share 4. Profit margin %
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