Please calculate the ratio and percentage for:1. acid-test ratio2. Time interest earned3. Earnings per common share AutoSaveFinal Exam (Financial Accounting 2) SHIELA TABULA - Saved to this PC -P SearchOffShiela TabulaSTFileHomeInsertDrawDesignLayoutReferencesMailingsReviewViewHelpA ShareP CommentsX CutCalibri (Body)- 12 - A AAa v AAaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD AaBbCcDO Find -B Copy. ReplacePasteBIU - ab x,I Normal T No Spac. Heading 1 Heading 2Subtle Em.. Emphasis -EditorDictatex A. I v A -三 =。。田SubtitleTitleS Format PainterA SelectClipboardFontParagraphStylesEditingVoiceEditorQ3- Consider the following information:Salinas LimitedBalance SheetAt December 31, 2012AssetsLiabilities and EquityCash$ 72Accounts Payable$ 60Accounts Receivable88Bank Loan, non-current150Merchandise InventoryPrepaid ExpensesProperty, Plant, and Equipment,at carrying amount10040Preferred Shares60Common SharesRetained EarningsTotal Liabilities and Equity250320100Total Assets$620$620Salinas LimitedIncome StatementFor the Year Ended December 31, 2012Sales$240Cost of Goods Sold144Gross Profit96Operating ExpensesSalaries$ 44Depreciation6.50Income from Operations46Less: Interest8Income before Income Taxes38Less: Income Taxes18Net Income$ 20Page 5 of 6524 wordsD Focus100%10:34 PMO Type here to search2021-07-11

Ratio Analysis The measurement of performance of the organisation by the management are using the…

Answered: Please calculate the ratio and…

Business

Accounting

Please calculate the ratio and percentage for: 1. acid-test ratio 2. Time interest earned 3. Earnings per common share

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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