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Question 44 6 pts Compute the following ratios using the selected financial statement information presented below. Earnings p
INCLLUT 2019 Accounts receivable 4,200 1,500 Accounts payable Building Cash 25,000 5,500 2,000 2,200 Common Stock (1,000 shar
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Answer #1

Answer

Earning Per Share = Net Income / number of shares outstanding
= 2800/1000
= $ 2.80 per share
Working Capital = Current Assets - Current Liabilities
= Accont Receivable + Cash + Inventory - Account Payable - Unearned revenue
= 4200+5500+2200-1500-500
= $ 9900
Return On sales = Net Income/Net Sales
= 2800/16000
= 17.50%
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