Using the following balance sheet and income statement data, what is the current ratio? Current assets $20400 Net income $47100 Stockholders' Current liabilities 10000 62600 equity Average assets 130000 Total liabilities 26600 Total assets 85000 Average common shares outstanding was 19000. O 0.77:1 O 0.62:1 O 2.04:1 O 3.20 :1

Using the following balance sheet and income statement data, what is the current ratio? Current assets $20400 Net income $47100 Stockholders' Current liabilities 10000 62600 equity Average assets 130000 Total liabilities 26600 Total assets 85000 Average common shares outstanding was 19000. O 0.77:1 O 0.62:1 O 2.04:1 O 3.20 :1

Name: Using the following balance sheet and income statement data, what is
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Description: Using the following balance sheet and income statement data, what is the current ratio?Current assets$20400Net income$47100Stockholders'Current liabilities1000062600equityAverage assets130000Total liabilities26600Total assets85000Average common shar

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?
Calculate the following ratios, follow the steps and must interpret your answers , Current ratio Earning per share ratio Current assets=$89000 Current liabilities= 61000 Net income/profit=$18000 Number of shares common stock=76262 Total asset=770000
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