the selected data from the general ledger of a corporation at the end of the year reveal the following:

cash $65,000

temp investments $50,000

accounts and notes receivables$110,000

inventory $140,000

prepaid expenses $10,000

fixed assets $900,000

accounts payable $125,000

notes payable short term non-interest bearing $100,000

accrued liabilities $25,000

mortgage note payable 5% due in 2025 $250,000

preferred 8% stock, $100 par $100,000

common stock, $10 par $400,000

paid in capital in excess of par, common stock $50,000

retained earnings $225,000

Selected data related to the 12 months of the current year reveal the following:

average common stockholders equity $650,000

average stockholders equity $750,000

average inventory $130,000

average total assets $1,200,000

cash dividends paid on common stock $40,000

cost of goods sold $910,000

income before income tax $140,000

interest expense $20,000

net income $88,000

sales $1,500,000

a common stock was selling for $25 per share at the end of the year.

1. The working capital is

A. $250,000

B. $200,000

C. $125,000

D. $100,000

E. $150,000

2. The acid-test/quick ratio is

A. 9:1

B. .9:1

C. 7:1

D. .7:1

E. .5:1

3. The current ratio is

A. 4:1

B. 1.5:1

C. 1:1

D. .5:1

E. 2:1

4. The inventory turnover is

A. 11 times

B. 10 times

C. 9 times

D. 8 times

E. 7 times

5. The earnings per share on common stock is

A. $3.50

B. $2.50

C. $1.50

D. $1.00

E. $0.75