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The following data are taken from the financial statements of Wildhorse Co.. The data are in alphabetical order. Accounts payable $27,800 Net sales $526,000 Accounts
The following data are taken from the financial statements of Wildhorse Co.. The data are in alphabetical order. Accounts payable $27,800 Net sales $526,000 Accounts receivable 72,500 Other current liabilities 22,500 Average common shares out. 7,500 Cash 23,000 57,550 170,000 Salaries and wages payable Stockholdersequity Total assets 146,400 Gross profit 305,000 Net income 46,000 Compute the following: (Round current ratio to 1 decimal places, e.g. 1.5:1 and earnings per share to 2 decimal places, e.g. $2.51.) (a) Current ratio (b) Working capital (c) Earnings per share $ (d) Debt to assets ratio
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