Homework Answers
1. Working capital = Current Assets- Current liabilities
=$32,600-$16,300
=$16,300
Answer is Option C - $16,300
2. Current ratio= Current Assets/ Current liabilities
=$33,000/$14,200
=2.3:1
Answer is option B- 2.3:1
3.
Ending retained earnings = Beginning retained earnings+ Net income- Dividends
=$415,000+$114,000-$37,500 ( Net income=$494,000-$380,000)
=$491,500
Answer is option C - $491,500
4. Earnings per share = Stockholders equity/ average common shares outstanding
=$79,200/16,400
=$4.83
Answer is option D -$4.83
5.
Ending retained earnings = Beginning retained earnings+ Net income- Dividends
=$661,000+$244,000-$137,000 ( Net income=$621,000-$377,000)
=$768,000
Answer is option A-$768,000
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Current Attempt in Progress Using the following balance sheet and income statement data, what is the...
Current Attempt in Progress Using the following balance sheet and income statement data, what is the...
Current Attempt in Progress Using the following balance sheet and income statement data, what is the current ratio? Current assets $38500 Net income $43300 Current liabilities 14800 Stockholders equity 79800 Average assets 157700 Total liabilities 41500 Total assets 130000 Average common shares outstanding was 15600. O 2.6:1 2.7:1 O 3.0:1 O 0.4:1
Using the following balance sheet and income statement data, what is the earnings per share? Current...
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View Policies Current Attempt in Progress Mena Company reported the following balance sheet and income statement...
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Using the following balance sheet and income statement data, what is the earnings per share? Current...
Using the following balance sheet and income statement data, what is the earnings per share? Current assets $33000 Net income $41300 Current liabilities 13000 Stockholders' equity 79800 Average assets 162100 Total liabilities 4 1600 Total assets 112000 Average common shares outstanding was 14000. O $0.34 O $8.00 O $5.70 O $2.95
Using the following balance sheet and income statement data, what is the earnings per share? Current...
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Attempt in Progress Windsor, Inc. began the year with retained earnings of $305000. During the year,...
Attempt in Progress Windsor, Inc. began the year with retained earnings of $305000. During the year, the company issued $402000 of common stock, recorded expenses of $1288000, and paid dividends of $83200. If Windsor's ending retained earnings was $325000, what was the company's revenue for the year? O $1710000 O $1391200 O $1308000 O $1793200 Using the following balance sheet and income statement data, what is the earnings per share? Current assets Current liabilities Average assets Total assets $22600 12000...
need help with this Using the following balance sheet and income statement data, what is the...
need help with this
Using the following balance sheet and income statement data, what is the current ratio? $32500 $41200 Current assets Current liabilities 14000 Net income Stockholders' equity Total liabilities 75400 Average assets Total assets 43400 160700 118800 Average common shares outstanding was 14200. O 0.4:1 O 2.9:1 O 2.3:1 O 2.8:1
Using the following balance sheet and income statement data, what is the current ratio? Current assets...
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Question 3 View Policies Current Attempt in Progress The summaries of data from the balance sheet,...
Question 3 View Policies Current Attempt in Progress The summaries of data from the balance sheet, Income statement, and retained earnings statement for two corporations, Walco Corporation and Gunther Enterprises, are presented below for 2017. Determine the missing amounts. Assume all changes in stockholders' equity are due to changes in retained earnings. Walco Corporation Gunther Enterprises pol $159.000 $117.000 72.000 71,300 Beginning of year Total assets Total liabilities Total stockholders'equity End of year Total assets Total liabilitles Total stockholders' equity...
Using the following balance sheet and income statement data, what is the debt to assets ratio?...
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Current Attempt in Progress Using the following balance sheet and income statement data, what is the current ratio? Current assets $38500 Net income $43300 Current liabilities 14800 Stockholders equity 79800 Average assets 157700 Total liabilities 41500 Total assets 130000 Average common shares outstanding was 15600. O 2.6:1 2.7:1 O 3.0:1 O 0.4:1
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View Policies Current Attempt in Progress Mena Company reported the following balance sheet and income statement data for the year ending December 31, 2022. Current assets Current liabilities Preferred dividends Total assets $ 52.000 26.000 22.000 123,000 Net income Stockholders' equity Total liabilities Common dividends $142,000 78.000 52,000 30,000 The company had average common shares outstanding during the period of 300,000. Compute Mena's (a) working capital and (b) earnings per share. (Round earnings per share to 2 decimal places, e.g....
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Attempt in Progress Windsor, Inc. began the year with retained earnings of $305000. During the year, the company issued $402000 of common stock, recorded expenses of $1288000, and paid dividends of $83200. If Windsor's ending retained earnings was $325000, what was the company's revenue for the year? O $1710000 O $1391200 O $1308000 O $1793200 Using the following balance sheet and income statement data, what is the earnings per share? Current assets Current liabilities Average assets Total assets $22600 12000...
need help with this
Using the following balance sheet and income statement data, what is the current ratio? $32500 $41200 Current assets Current liabilities 14000 Net income Stockholders' equity Total liabilities 75400 Average assets Total assets 43400 160700 118800 Average common shares outstanding was 14200. O 0.4:1 O 2.9:1 O 2.3:1 O 2.8:1
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