The financial statements of Grogan Company appear below: Additional information:
a. Cash dividends of $23,000 were declared and paid in 2014.
b. Weighted-average number of ordinary shares outstanding during 2014 was 30,000 shares.
c. Market value of ordinary shares on December 31, 2014, was $21 per share.
Instructions
Using the financial statements and additional information, compute the following ratios for Grogan Company for 2014. Show all computations.

Question

The financial statements of Grogan Company appear below:   Additional information: 
a. Cash dividends of $23,000 were declared and paid in 2014.
b. Weighted-average number of ordinary shares outstanding during 2014 was 30,000 shares.
c. Market value of ordinary shares on December 31, 2014, was $21 per share.
Instructions
Using the financial statements and additional information, compute the following ratios for Grogan Company for 2014. Show all computations.

Quizplus · Accepted Answer

The Answer of The financial statements of Grogan Company appear below:   Additional information: 
a. Cash dividends of $23,000 were declared and paid in 2014.
b. Weighted-average number of ordinary shares outstanding during 2014 was 30,000 shares.
c. Market value of ordinary shares on December 31, 2014, was $21 per share.
Instructions
Using the financial statements and additional information, compute the following ratios for Grogan Company for 2014. Show all computations.

The Financial Statements of Grogan Company Appear Below