5. The following data are taken from the financial statements of Rosen, Inc. as of the end of the year 2022. The data are in alphabetical order. Accounts payable Accounts receivable Cash Gross profit Income before income taxes Instructions Compute the following: $ 28,000 66,000 (a) Current ratio. (b) Working capital. es tra 24,000 160,000 54,000 Net income Other current liabilities Salaries and wages payable Total assets Total liabilities Additional information: The average common shares outstanding during the year was 40,000. amor $ 48,000 17,000 5,000 250,000 175,000 (c) Earnings per share. (d) Debts to assets ratio.

5. The following data are taken from the financial statements of Rosen, Inc. as of the end of the year 2022. The data are in alphabetical order. Accounts payable Accounts receivable Cash Gross profit Income before income taxes Instructions Compute the following: $ 28,000 66,000 (a) Current ratio. (b) Working capital. es tra 24,000 160,000 54,000 Net income Other current liabilities Salaries and wages payable Total assets Total liabilities Additional information: The average common shares outstanding during the year was 40,000. amor $ 48,000 17,000 5,000 250,000 175,000 (c) Earnings per share. (d) Debts to assets ratio.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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