Question

for my previous question current ratio, debt to asset ratio, working capital and earnings per share value?

note that the outstanding shares during the year was 5,000

A B - Documenti Word nsert Draw Design Layout References Mailings Review View Help Table Design Layout Times New Rom -9 A A Aa A - E ALIT AaBbccc AaBbccDc AaBbcc AaBbcc BIU - ab X, X AP- A 1 Normal 1 No Spac... Heading 1 Heading 2 Font Paragraph Styles The following items are taken from the financial statements of Pronghom Company for the year ending December 31 2022 ter Accounts payable $18,000 Accounts receivable 7,000 Accumulated depreciation-equipment 5,200 Bonds payable 17,000 Cash 24,000 Common stock 26,900 Cost of goods sold 28,500 Depreciation expense 5,700 Dividends 5.000 Equipment 40,000 Interest expense 2.500 Patents 10.565 Retained earnings, January 1, 2022 10.925 DC English (United States) eb search e

salaries and wages expense 6,100
sales revenue53,100
supplies 1,760

Answer 1

Current Ratio:
Cash	$24,000
Accounts Receivable	$7,000
Supplies	$1,760
Total Current Assets (a)	$32,760
Accounts Payable	$18,000
Total Current Liabilities (b)	$18,000
Current Ratio (a/b)	1.82
Debt to Assets Ratio:
Cash	$24,000
Accounts Receivable	$7,000
Supplies	$1,760
Equipment	$40,000
Patents	$10,565
Total Assets (a)	$83,325
Accounts Payable	$18,000
Bonds Payable	$17,000
Total Liabilities (b)	$35,000
Debt to assets ratio (b / a)	0.42
Working Capital:
Cash	$24,000
Accounts Receivable	$7,000
Supplies	$1,760
Total Current Assets (a)	$32,760
Accounts Payable	$18,000
Total Current Liabilities (b)	$18,000
Working Capital (a - b)	$14,760
Earnings per share:
Sales Revenue	$53,100
Less: Cost of Goods Sold	($28,500)
Gross Margin	$24,600
Less: Other Expenses:
Depreciation Expense	($5,700)
Interest Expense	($2,500)
Salaries and Wages Expenses	($6,100)
Net Income	$10,300
Less: Preferred Dividends	$0
Earnings available to common stockholders (a)	$10,300
Number of outstanding common shares (b)	5,000
Earnings per share (a/b)	$2.06