The following selected data are taken from the financial statements of Lincoln Inc. The data are in alphabetical order. Accounts payable Accounts receivable Average assets Cash Market price/share Net sales Other current liabilities Net income Salaries payable Shareholders' equity Total assets (a) (b) Instructions Calculate the following ratios: Current ratio (e) 520,000 147,200 590,000 174,000 $ 52,000 84,500 Working capital Basic earnings per share Price-earnings ratio Debt to total assets 65.00 22,500 500,000 Weighted average number of common shares 19,600 310,900 I 4,000

The following selected data are taken from the financial statements of Lincoln Inc. The data are in alphabetical order. 4,000 Instructions Calculate the following ratios: (a) Current ratio (b) Working capital (c) Basic earnings per share (d) Price-earnings ratio (e) Debt to total assets