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The following data are taken from the financial statements of Whispering Winds Services, Inc. as of the end of the year 2025. The data are in alphabetical order. Accounts payable Accounts receivable Cash Gross profit Income before income taxes Current ratio Earnings per share $30,000 75,000 21,720 161,500 55,200 Debts to assets ratio) Additional information: The average common shares outstanding during the year was 45,000. Compote the following: (Round current ratio and earnings per share to 2 decimal places, e.g. 2.51.) Net income 5 Other current liabilities Salaries and wages payable Total assets Total liabilities $51,300 16,000 6,000 290,000 194,300 1 G

The following data are taken from the financial statements of Whispering Winds Services, Inc. as of the end of the year 2025. The data are in alphabetical order. Accounts payable Accounts receivable Cash Gross profit Income before income taxes Current ratio Earnings per share $30,000 75,000 21,720 161,500 55,200 Debts to assets ratio) Additional information: The average common shares outstanding during the year was 45,000. Compote the following: (Round current ratio and earnings per share to 2 decimal places, e.g. 2.51.) Net income 5 Other current liabilities Salaries and wages payable Total assets Total liabilities $51,300 16,000 6,000 290,000 194,300 1 G

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following data are taken from the financial statements of Whispering Winds Services, Inc. as of the end of the year 2025. The data are in alphabetical order. Accounts payable Accounts receivable Cash Gross profit Income before income taxes Current ratio Earnings per share $30,000 75,000 21,720 161,500 55,200 Additional information: The average common shares outstanding during the year was 45,000 Compote the following: (Round current ratio and earnings per share to 2 decimal places, e.g. 2.51.) Debts to assets ratio) Net income Other current liabilities Salaries and wages payable Total assets Total liabilities 5 $51,300 16,000 6,000 290,000 194,300 1 G
Transcribed Image Text:The following data are taken from the financial statements of Whispering Winds Services, Inc. as of the end of the year 2025. The data are in alphabetical order. Accounts payable Accounts receivable Cash Gross profit Income before income taxes Current ratio Earnings per share $30,000 75,000 21,720 161,500 55,200 Additional information: The average common shares outstanding during the year was 45,000 Compote the following: (Round current ratio and earnings per share to 2 decimal places, e.g. 2.51.) Debts to assets ratio) Net income Other current liabilities Salaries and wages payable Total assets Total liabilities 5 $51,300 16,000 6,000 290,000 194,300 1 G
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