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Information to answer questions 3-6: $ 8,000 4,000 40,000 30,000 Net income Stockholders equity Total liabilities $ 9,000 20,000 5,000 Current assets 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 4. What is the current ratio? a. 1.75 : 1 b. 1.4 : 1 c. 0.57 : 1 d. 2 : 1

Information to answer questions 3-6: $ 8,000 4,000 40,000 30,000 Net income Stockholders equity Total liabilities $ 9,000 20,000 5,000 Current assets 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 4. What is the current ratio? a. 1.75 : 1 b. 1.4 : 1 c. 0.57 : 1 d. 2 : 1

FINANCIAL ACCOUNTING
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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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
Transcribed Image Text: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
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