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The following data are taken from the financial statements of Carla Vista Co. as of the end of the year 2022. The data are in
The following data are taken from the financial statements of Carla Vista Co. as of the end of the year 2022. The data are in alphabetical order. Accounts payable $28,000 Net income $55,370 Accounts receivable 61,000 Other current liabilities 16,700 Cash 27,880 Salaries and wages payable 5,800 Gross profit 160,000 Total assets 230,000 Income before income taxes 55,600 Total liabilities 172,500 Additional information: The average common shares outstanding during the year was 49,000. Compute the following: (Round current ratio 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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