The following balance sheet dated December 31, 2013, is available for Catchacoma Inc.
Assets
Liabilities and shareholders' equity
Additional information:
∙ Net income for 2013 was $160,000.
∙ Dividends paid during 2013 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, 2013:
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, 2013, is available for Catchacoma Inc.
Assets
  Liabilities and shareholders' equity
  Additional information:
∙ Net income for 2013 was $160,000.
∙ Dividends paid during 2013 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, 2013:
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, 2013, is available for Catchacoma Inc.
Assets
  Liabilities and shareholders' equity
  Additional information:
∙ Net income for 2013 was $160,000.
∙ Dividends paid during 2013 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, 2013:
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, 2013, Is Available