Reference no: EM132608192
Question 1: The following items are reported on a company's balance sheet:
Cash $223,000
Marketable securities 96,600
Accounts receivable 267,500
Inventory 209,900
Accounts payable 311,000
Round your answers to two decimal places.
a. Determine the current ratio.
b. Determine the quick ratio.
Question 2: A company reports the following:
Income before income tax $345,800
Interest expense 66,500
Determine the times interest earned. Round your answer to one decimal place.
Question 3: A company reports the following:
Net income $808,980
Preferred dividends $59,920
Shares of common stock outstanding 43,000
Market price per share of common stock $50.52
Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
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