Use the following balance sheet and income statement information to calculate the current ratio.. Current assets $ 8,000 Net income $ 9,000 Current liabilities 4,000 Stockholders equity 27,000 Average assets 40,000 Total liabilities 5,000 Total assets 30,000 Average common shares outstanding was 10,000 Group of answer choices 1.4:1 0.57:1 2:1 1.75:1
Use the following balance sheet and income statement information to calculate the current ratio.. Current assets $ 8,000 Net income $ 9,000 Current liabilities 4,000 Stockholders equity 27,000 Average assets 40,000 Total liabilities 5,000 Total assets 30,000 Average common shares outstanding was 10,000 Group of answer choices 1.4:1 0.57:1 2:1 1.75:1
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Use the following
Current assets $ 8,000 Net income $ 9,000
Current liabilities 4,000
Average assets 40,000 Total liabilities 5,000
Total assets 30,000
Average common shares outstanding was 10,000
Group of answer choices
1.4:1
0.57:1
2:1
1.75:1
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