Question
Use the following data to calculate the liquidity and profitability ratios listed below. Average common shares outstanding 100,000 Current liabilities $135,000 Capital expenditures $35,000 Net
Use the following data to calculate the liquidity and profitability ratios listed below.
Average common shares outstanding 100,000 Current liabilities $135,000
Capital expenditures $35,000 Net income 45,000
Cash provided by operating activities 51,000 Net sales 180,000
Dividends paid to common stockholders 9,000 Total liabilities 300,000
Current assets 225,000 Total assets 400,000
Instructions
Compute the following:
(a) Current ratio. (d) Debt to assets ratio.
- Working capital. (e) Free cash flow.
(c) Earnings per share.
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Financial Accounting
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin
7th Canadian Edition
0135433061, 9780135433065
