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The following data are taken from the financial statements of JB Daniel, Inc. The average number of shares of common stock outstanding for the year
The following data are taken from the financial statements of JB Daniel, Inc. The average number of shares of common stock outstanding for the year was 4,080. The following data are in are provided: Accounts payable $16,320 Net sales $299,880 Accounts receivable 24,480 Other current liabilities 11,220 Cash 42,840 Salaries and wages payable 3,060 Gross profit 116,280 Total stockholders' equity 134,640 Net income 20,808 Total assets 244,800 Compute the following: (Round Earnings per share to 2 decimal places, eg. 52.51 and all other answers to 1 decimal place, eg. 525.1.) 1. Current ratio :1 2. Debt to assets ratio % 3. Earnings per share $ per share 4. Profit margin %
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