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
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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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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