Liabilities and Stockholders' Equity Current liabilities $67,513 Long-term liabilities 90,221 Common stock, $10 par 64,070 Retained earnings 96,656 Total liabilities and stockholders' equity $318,460 Income Statement Sales $99,202 Cost of goods sold 44,641 Gross margin $54,561 Operating expenses 28,479 Net income $26,082 Number of shares of common stock 6,407 $34 Market price of common stock What is the current ratio? Round your answer to two decimal places. Oa. 1.01 Ob. 1.52 Oc. 2.22 Od. 0.53
Liabilities and Stockholders' Equity Current liabilities $67,513 Long-term liabilities 90,221 Common stock, $10 par 64,070 Retained earnings 96,656 Total liabilities and stockholders' equity $318,460 Income Statement Sales $99,202 Cost of goods sold 44,641 Gross margin $54,561 Operating expenses 28,479 Net income $26,082 Number of shares of common stock 6,407 $34 Market price of common stock What is the current ratio? Round your answer to two decimal places. Oa. 1.01 Ob. 1.52 Oc. 2.22 Od. 0.53
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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