Consider the following balance sheet and income statement Information to answer questions 3-6: $ 9,000 20,000 5,000 Current assets Net income $ 8,000 4,000 40,000 30,000 Stockholders equity Total liabilities Current liabilities Average assets Total assets Average common shares outstanding was 10,000 3. What is the total amount of working capital? a. $1,000 b. $7,000 c. $2,000 d. $4,000 year 4. What is the current ratio? a. 1.75 : 1 b. 1.4 : 1 C. 0.57 : 1 d. 2 : 1 dic thatre 5. What is the earnings per share? $2.70 $3.00 $.90 а. b. С. d. $.50 6. What is the debt to total assets? a. 12.5 percent b. 20 percent с. 75 рercent d. 16.7 percent

Consider the following balance sheet and income statement Information to answer questions 3-6: $ 9,000 20,000 5,000 Current assets Net income $ 8,000 4,000 40,000 30,000 Stockholders equity Total liabilities Current liabilities Average assets Total assets Average common shares outstanding was 10,000 3. What is the total amount of working capital? a. $1,000 b. $7,000 c. $2,000 d. $4,000 year 4. What is the current ratio? a. 1.75 : 1 b. 1.4 : 1 C. 0.57 : 1 d. 2 : 1 dic thatre 5. What is the earnings per share? $2.70 $3.00 $.90 а. b. С. d. $.50 6. What is the debt to total assets? a. 12.5 percent b. 20 percent с. 75 рercent d. 16.7 percent

Name: Questions 5 and 6 only Consider the following balance sheet and income
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Description: Questions 5 and 6 only Consider the following balance sheet and income statementInformation to answer questions 3-6:$ 9,00020,0005,000Current assetsNet income$ 8,0004,00040,00030,000Stockholders equityTotal liabilitiesCurrent liabilitiesAverage asset

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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