Question
The following data are taken from the financial statements of Blue Spruce Inc.: Current assets $227,200 Current liabilities 142,000 Dividends declared 7,000 Market price per
The following data are taken from the financial statements of Blue Spruce Inc.:
Current assets $227,200
Current liabilities 142,000
Dividends declared 7,000
Market price per share 10 Net sales 232,000
Net income 50,020
Total liabilities 155,100
Total assets 220,000
Weighted average number of common shares 8,200
Calculate the following ratios: (Round current ratio, basic earnings per share, price-earnings ratio to 2 decimal places, e.g. 52.75, debt to total assets to 1 decimal place, e.g. 5.5. and working capital to 0 decimal places, e.g. 5,275.)
(a) Current ratio e ______:1
b) Working capital $_______
(c) Basic earnings per share $_____
(d) Price-earnings ratio
(e) Debt to total assets ______%
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