The following balance sheet dated December 31,2017,is available for Catchacoma Inc.
Assets
Liabilities and shareholders' equity
Additional information:
∙ Net income for 2017 was $160,000.
∙ Dividends paid during 2017 amounted to $2 per share.
∙ No additional shares of stock were issued during the year.
∙ The shares were issued for $5 each
∙ The price/earnings ratio was 20.
Calculate for the year ended December 31,2017:
a.current ratio
b.acid-test ratio
c.debt ratio
d.market price per share
e.dividend yield

Question

The following balance sheet dated December 31,2017,is available for Catchacoma Inc.
Assets
  Liabilities and shareholders' equity
  Additional information:
∙ Net income for 2017 was $160,000.
∙ Dividends paid during 2017 amounted to $2 per share.
∙ No additional shares of stock were issued during the year.
∙ The shares were issued for $5 each
∙ The price/earnings ratio was 20.
Calculate for the year ended December 31,2017:
a.current ratio
b.acid-test ratio
c.debt ratio
d.market price per share
e.dividend yield

Quizplus · Accepted Answer

The Answer of The following balance sheet dated December 31,2017,is available for Catchacoma Inc.
Assets
  Liabilities and shareholders' equity
  Additional information:
∙ Net income for 2017 was $160,000.
∙ Dividends paid during 2017 amounted to $2 per share.
∙ No additional shares of stock were issued during the year.
∙ The shares were issued for $5 each
∙ The price/earnings ratio was 20.
Calculate for the year ended December 31,2017:
a.current ratio
b.acid-test ratio
c.debt ratio
d.market price per share
e.dividend yield

The Following Balance Sheet Dated December 31,2017,is Available for Catchacoma