Compute each of the following amounts:
A. A company reported current assets of $70,000 and current liabilities of $45,000. What would be the current ratio?
B. Current assets are $65,000, noncurrent assets are $180,000, current liabilities are $30,000 and long-term liabilities are $25,000. What is the debt to equity ratio?
C. Assume total liabilities are $32,000, total shareholders' equity $65,000, and all assets, other than current assets, total $60,000. What would be the amount of current assets?
D. If earnings per share is $2.85 and the number of shares outstanding is 7,500, then profit is:

Question

Quizplus · Accepted Answer

The Answer of Compute each of the following amounts:
A. A company reported current assets of $70,000 and current liabilities of $45,000. What would be the current ratio?
B. Current assets are $65,000, noncurrent assets are $180,000, current liabilities are $30,000 and long-term liabilities are $25,000. What is the debt to equity ratio?
C. Assume total liabilities are $32,000, total shareholders' equity $65,000, and all assets, other than current assets, total $60,000. What would be the amount of current assets?
D. If earnings per share is $2.85 and the number of shares outstanding is 7,500, then profit is:

Compute Each of the Following Amounts