Accounting question On a statement of retained earnings, the beginningcapital is $40,000. Net income for the year is $11,000 andCash Dividends paid for the year are $6,000, the endingcapital amount would be:a. $40,000b. $35,000c. $45,000d. $47,000

Step 1: Define Statement of Retained EarningsThe statement of Retained Earnings is an optional…

Answered: On a statement of retained earnings,…

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 20E: Five measures of solvency or profitability The balance sheet for Garcon Inc. at the end of the...

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Five measures of solvency or profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Income before income tax was 3,000,000, and income taxes were 1,200,000 for the current year. Cash dividends paid on common stock during the current year totaled 1,200,000. The common stock was selling for 32 per share at the end of the year. Determine each of the following: (a) times interest earned ratio, (b) earnings per share on common stock, (c) price-earnings ratio, (d) dividends per share of common stock, and (e) dividend yield. Round ratios and percentages to one decimal place, except for per-share amounts.
The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?
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The following information was available for the year ended December 31, 2019: Net income Average total assets Dividends per share Earnings per share Market price per share at year-end $ 50,000 600,000 1.40 5.00 70,00 The dividend payout ratio for 2019 was 報灣券 11111 157

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On a statement of retained earnings, the beginning capital is $40,000. Net income for the year is $11,000 and Cash Dividends paid for the year are $6,000, the ending capital amount would be: a. $40,000 b. $35,000 c. $45,000 d. $47,000