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The Hummel Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. End of current
The Hummel Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. End of current year 800,000 $504,000 $296,000 $184,000 $33,000 S79,000 $71,000 S329,000 $400,000 $56,000 $84,000 $260,000 End of prior year Net sales revenue (all credit) Cost of goods sold Gross profit Selling/general expenses Interest expense Net income Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stockholders' equity Total liabilities and stockholders' equity$400,000 $20,000 $280,000 S300,000 $16,000 $164,000 $120,000 S300,000 Inventory and prepaid expenses account for $28,000 of the current year's current assets Average inventory for the current year is $12,000 Average net accounts receivable for the current year is $32,000 There are 30,000 shares of common stock outstanding Total dividends paid during the current year were $60,000 The market price per share of common stock is $25 is the company's .earnings.er.share for the current yea OA. $13.33 B. $26.67 Oc. $2.63 O D. $8.67
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