Assets Line Item Description Amount Cash and short-term investments $42,572 Accounts receivable (net) 33,774 Inventory 37,691 Property, plant, and equipment 215,705 Total assets $329,742 Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $68,960 Long-term liabilities 98,919 Common stock, $10 par 64,740 Retained earnings 97,123 Total liabilities and stockholders’ equity $329,742 Income Statement Line Item Description Amount Sales $91,805 Cost of goods sold (41,312) Gross profit $50,493 Operating expenses (28,002) Net income $22,491 Number of shares of common stock 6,474 Market price of common stock $28 What is the current ratio?
Assets Line Item Description Amount Cash and short-term investments $42,572 Accounts receivable (net) 33,774 Inventory 37,691 Property, plant, and equipment 215,705 Total assets $329,742 Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $68,960 Long-term liabilities 98,919 Common stock, $10 par 64,740 Retained earnings 97,123 Total liabilities and stockholders’ equity $329,742 Income Statement Line Item Description Amount Sales $91,805 Cost of goods sold (41,312) Gross profit $50,493 Operating expenses (28,002) Net income $22,491 Number of shares of common stock 6,474 Market price of common stock $28 What is the current ratio?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Assets
Line Item Description | Amount |
---|---|
Cash and short-term investments | $42,572 |
33,774 | |
Inventory | 37,691 |
Property, plant, and equipment | 215,705 |
Total assets | $329,742 |
Liabilities and
Line Item Description | Amount |
---|---|
Current liabilities | $68,960 |
Long-term liabilities | 98,919 |
Common stock, $10 par | 64,740 |
97,123 | |
Total liabilities and stockholders’ equity | $329,742 |
Income Statement
Line Item Description | Amount |
---|---|
Sales | $91,805 |
Cost of goods sold | (41,312) |
Gross profit | $50,493 |
Operating expenses | (28,002) |
Net income | $22,491 |
Number of shares of common stock | 6,474 |
Market price of common stock | $28 |
What is the
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