B is Earnings per share on common stock
Homework Answers
Working capital for Current Year
Working capital for Current Year = Total current assets – Total current liabilities
= $2,752,000 - $640,000
= $2,112,000
Working capital for Previous Year
Working capital for Previous Year = Total current assets – Total current liabilities
= $2,072,000 - $560,000
= $1,512,000
Current Ratio for Current Year
Current Ratio for Current Year = Total current assets / Total current liabilities
= $2,752,000 / $640,000
= 4.3 Times
Current Ratio for Previous Year
Current Ratio for Previous Year = Total current assets / Total current liabilities
= $2,072,000 / $560,000
= 3.7 Times
Quick Ratio for Current Year
Quick Ratio for Current Year = [Total current assets – Inventory – Prepaid expenses] / Total current liabilities
= [$2,752,000 - $887,000 - $457,000] / $640,000
= $1,408,000 / $640,000
= 2.2 Times
Quick Ratio for Previous Year
Quick Ratio for Previous Year = [Total current assets – Inventory – Prepaid expenses] / Total current liabilities
= [$2,072,000 - $580,700 - $371,300] / $560,000
= $1,120,000 / $560,000
= 2.0 Times
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B is Earnings per share on
common stock
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