Please do not give solution in image format thanku The following data are taken from the financial statements of Whispering Winds Services, Inc. as of the end of the year 2025. The dataare in alphabetical order.Accounts payableAccounts receivableCashGross profitIncome before income taxesCurrent ratioEarnings per share$30,00075,00021,720161,50055,200Additional information: The average common shares outstanding during the year was 45,000Compote the following: (Round current ratio and earnings per share to 2 decimal places, e.g. 2.51.)Debts to assets ratio)Net incomeOther current liabilitiesSalaries and wages payableTotal assetsTotal liabilities5$51,30016,0006,000290,000194,3001G

Current ratio is calculated by dividing current assets and current liabilities. The Debt-to-asset…

The following data are taken from the financial statements of Whispering Winds Services, Inc. as of the end of the year 2025. The data are in alphabetical order. Accounts payable Accounts receivable Cash Gross profit Income before income taxes Current ratio Earnings per share $30,000 75,000 21,720 161,500 55,200 Debts to assets ratio) Additional information: The average common shares outstanding during the year was 45,000. Compote the following: (Round current ratio and earnings per share to 2 decimal places, e.g. 2.51.) Net income 5 Other current liabilities Salaries and wages payable Total assets Total liabilities $51,300 16,000 6,000 290,000 194,300 1 G

The following data are taken from the financial statements of Whispering Winds Services, Inc. as of the end of the year 2025. The data are in alphabetical order. Accounts payable Accounts receivable Cash Gross profit Income before income taxes Current ratio Earnings per share $30,000 75,000 21,720 161,500 55,200 Debts to assets ratio) Additional information: The average common shares outstanding during the year was 45,000. Compote the following: (Round current ratio and earnings per share to 2 decimal places, e.g. 2.51.) Net income 5 Other current liabilities Salaries and wages payable Total assets Total liabilities $51,300 16,000 6,000 290,000 194,300 1 G

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 21BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...

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