The financial statements of Bloggs Ltd appear below:
Additional information:
a. Cash dividends of $57,000 were declared and paid in 2020.
b. Weighted-average number of shares of ordinary shares outstanding during 2020 was 60,000 shares.
c. Market value of ordinary shares on 31 December 2020 was $18 per share.
d. Net cash provided by operating activities for 2020 was $63,000.
Required:Using the financial statements and additional information, compute the following ratios for the Boggs Ltd for 2020. Show all computations.

Question

The financial statements of Bloggs Ltd appear below:
  Additional information:
a. Cash dividends of $57,000 were declared and paid in 2020.
b. Weighted-average number of shares of ordinary shares outstanding during 2020 was 60,000 shares.
c. Market value of ordinary shares on 31 December 2020 was $18 per share.
d. Net cash provided by operating activities for 2020 was $63,000.
Required:Using the financial statements and additional information, compute the following ratios for the Boggs Ltd for 2020. Show all computations.

Quizplus · Accepted Answer

The Answer of The financial statements of Bloggs Ltd appear below:
  Additional information:
a. Cash dividends of $57,000 were declared and paid in 2020.
b. Weighted-average number of shares of ordinary shares outstanding during 2020 was 60,000 shares.
c. Market value of ordinary shares on 31 December 2020 was $18 per share.
d. Net cash provided by operating activities for 2020 was $63,000.
Required:Using the financial statements and additional information, compute the following ratios for the Boggs Ltd for 2020. Show all computations.

The Financial Statements of Bloggs Ltd Appear Below