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Compute the following: a. Current ratio. b. Working capital. c. Earnings per share.

Compute the following: a. Current ratio. b. Working capital. c. Earnings per share.

Microeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter11: Price-searcher Markets With High Entry Barriers
Section: Chapter Questions
Problem 12CQ
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The following data are taken from the financial statements of Wildhorse Co. The data are in alphabetical order. Accounts payable $27,800 Net sales $526,000 Accounts Other current $72,500 $22,500 receivable liabilities Average common Salaries and $23,000 $7,500 shares out. wages payable Stockholders' Cash $57,550 $146,400 equity Gross profit $170,000 Total assets $305,000 Net income $ 46,000 Compute the following: a. Current ratio. b. Working capital. c. Earnings per share.
Transcribed Image Text:The following data are taken from the financial statements of Wildhorse Co. The data are in alphabetical order. Accounts payable $27,800 Net sales $526,000 Accounts Other current $72,500 $22,500 receivable liabilities Average common Salaries and $23,000 $7,500 shares out. wages payable Stockholders' Cash $57,550 $146,400 equity Gross profit $170,000 Total assets $305,000 Net income $ 46,000 Compute the following: a. Current ratio. b. Working capital. c. Earnings per share.
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