Question
Use the following data to calculate the liquidity and profitability ratios listed below. Average common shares 10,000 Current liabilities $100,000 Capital expenditures $20,000 Net income
Average common shares | 10,000 | Current liabilities | $100,000 |
Capital expenditures | $20,000 | Net income | $ 21,000 |
Cash provided by operations | $28,000 | Net sales | $150,000 |
Dividends paid | $5,000 | Total liabilities | $105,000 |
Current assets | $150,000 | Total assets | $175,000 |
Instructions: Compute the following: (a) Current ratio. (b) Working capital. (c) Earnings per share. (d) Debt to total assets ratio. (e) Free Cash Flow
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Managerial Accounting
Authors: Carl L. Moore
5th Edition
0538019409, 978-0538019408
