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

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

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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Please calculate the ratio and percentage for:

1. acid-test ratio

2. Time interest earned

3. Earnings per common share

AutoSave Final Exam (Financial Accounting 2) SHIELA TABULA - Saved to this PC - P Search Off Shiela Tabula ST File Home Insert Draw Design Layout References Mailings Review View Help A Share P Comments X Cut Calibri (Body) - 12 - A A Aa v A AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD AaBbCcD O Find - B Copy . Replace Paste BIU - ab x, I Normal T No Spac. Heading 1 Heading 2 Subtle Em.. Emphasis - Editor Dictate x A . I v A - 三 =。 。田 Subtitle Title S Format Painter A Select Clipboard Font Paragraph Styles Editing Voice Editor Q3- Consider the following information: Salinas Limited Balance Sheet At December 31, 2012 Assets Liabilities and Equity Cash $ 72 Accounts Payable $ 60 Accounts Receivable 88 Bank Loan, non-current 150 Merchandise Inventory Prepaid Expenses Property, Plant, and Equipment, at carrying amount 100 40 Preferred Shares 60 Common Shares Retained Earnings Total Liabilities and Equity 250 320 100 Total Assets $620 $620 Salinas Limited Income Statement For the Year Ended December 31, 2012 Sales $240 Cost of Goods Sold 144 Gross Profit 96 Operating Expenses Salaries $ 44 Depreciation 6. 50 Income from Operations 46 Less: Interest 8 Income before Income Taxes 38 Less: Income Taxes 18 Net Income $ 20 Page 5 of 6 524 words D Focus 100% 10:34 PM O Type here to search 2021-07-11
Transcribed Image Text:AutoSave Final Exam (Financial Accounting 2) SHIELA TABULA - Saved to this PC - P Search Off Shiela Tabula ST File Home Insert Draw Design Layout References Mailings Review View Help A Share P Comments X Cut Calibri (Body) - 12 - A A Aa v A AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD AaBbCcD O Find - B Copy . Replace Paste BIU - ab x, I Normal T No Spac. Heading 1 Heading 2 Subtle Em.. Emphasis - Editor Dictate x A . I v A - 三 =。 。田 Subtitle Title S Format Painter A Select Clipboard Font Paragraph Styles Editing Voice Editor Q3- Consider the following information: Salinas Limited Balance Sheet At December 31, 2012 Assets Liabilities and Equity Cash $ 72 Accounts Payable $ 60 Accounts Receivable 88 Bank Loan, non-current 150 Merchandise Inventory Prepaid Expenses Property, Plant, and Equipment, at carrying amount 100 40 Preferred Shares 60 Common Shares Retained Earnings Total Liabilities and Equity 250 320 100 Total Assets $620 $620 Salinas Limited Income Statement For the Year Ended December 31, 2012 Sales $240 Cost of Goods Sold 144 Gross Profit 96 Operating Expenses Salaries $ 44 Depreciation 6. 50 Income from Operations 46 Less: Interest 8 Income before Income Taxes 38 Less: Income Taxes 18 Net Income $ 20 Page 5 of 6 524 words D Focus 100% 10:34 PM O Type here to search 2021-07-11
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