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The following data are taken from the financial statements of Edington Company. The data are in alphabetical order. Accounts payable $28,000 Net sales $500,000
The following data are taken from the financial statements of Edington Company. The data are in alphabetical order. Accounts payable $28,000 Net sales $500,000 Accounts receivable 65,000 Other current liabilities 20,000 Average common shares out. 20,000 Salaries and wages payable 7,000 Cash Gross profit Net income 56,000 190,000 50,000 Stockholders' equity 135,000 Total assets 300,000 Compute the following: (Round current ratio to 1 decimal places, e.g. 1.5:1 and earnings per share to 2 decimal places, eg. $2.51) (a) Current ratio :1 (b) Working capital (c) Earnings per share (d) Debts to assets ratio %
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