Selected information from the financial statements of Sandhill's Coffee Brewers for the year ended December 31, 2014, appears below: Current assets Total assets Current liabilities Long-term liabilities Sales revenue Dividends Net income $225,000 792,000 90,000 108,000 1,044,000 72,000 160,800 Calculate the amounts indicated below relating to the year ended December 31, 2014. The number of shares outstanding at the end the year was 3,000. Show computations. (Round "Current ratio" and "Earnings per share" to 2 decimal places, e.g. 52.7 1. The current ratio for 2014 is 2. The debt to assets ratio for 2014 is 3. The working capital for 2014 is $ 4. The earnings per share for 2014 is $ times % per share

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Selected information from the financial statements of Sandhill's Coffee Brewers for the year ended December 31, 2014, appears
below:
Current assets
Total assets
Current liabilities
Long-term liabilities
Sales revenue
Dividends
Net income
$225,000
792,000
90,000
108,000
1,044,000
72,000
160,800
Calculate the amounts indicated below relating to the year ended December 31, 2014. The number of shares outstanding at the end of
the year was 48,000. Show computations. (Round "Current ratio" and "Earnings per share" to 2 decimal places, e.g. 52.75.)
1. The current ratio for 2014 is
2. The debt to assets ratio for 2014 is
3. The working capital for 2014 is
$
4. The earnings per share for 2014 is $
times
%
per share
Transcribed Image Text:Selected information from the financial statements of Sandhill's Coffee Brewers for the year ended December 31, 2014, appears below: Current assets Total assets Current liabilities Long-term liabilities Sales revenue Dividends Net income $225,000 792,000 90,000 108,000 1,044,000 72,000 160,800 Calculate the amounts indicated below relating to the year ended December 31, 2014. The number of shares outstanding at the end of the year was 48,000. Show computations. (Round "Current ratio" and "Earnings per share" to 2 decimal places, e.g. 52.75.) 1. The current ratio for 2014 is 2. The debt to assets ratio for 2014 is 3. The working capital for 2014 is $ 4. The earnings per share for 2014 is $ times % per share
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