Question
The following items are taken from the financial statements of Martinez Company for the year ending December 31, 2022: Accounts payable $17,000 Accounts receivable 7,000
The following items are taken from the financial statements of Martinez Company for the year ending December 31, 2022: Accounts payable $17,000 Accounts receivable 7,000 Accumulated depreciationequipment 4,900 Bonds payable 19,500 Cash 23,000 Common stock 25,700 Cost of goods sold 27,900 Depreciation expense 4,400 Dividends 5,900 Equipment 49,000 Interest expense 2,400 Patents 13,830 Retained earnings, January 1, 2022 20,850 Salaries and wages expense 6,200 Sales revenue 55,000 Supplies 3,320
Compute the following ratios and values. (Note: Martinezs average number of shares outstanding during the year was 5,000.) (Round current ratio to 2 decimal places, e.g. 15.55, debt to assets ratio to 1 decimal places, e.g. 15.5% and earnings per share value to 2 decimal places, e.g. 15.55.)
Current Ratio
Debt To Asset Ratio
Working Capital
Earnings per share value
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