Financial statements for Cancun Corporation are presented below.
Note: Dividends of $0.60 per share were declared and paid during 20x8.The market price of the stock on December 31,2010 was $18.00 per share.
Compute the following for 2010 and place your answers in the spaces provided.Round answers to two decimal places.Show your work.
$$\begin{array} { | l | l | l |l| }
\hline \text { Quick ratio } &\quad\quad& \text { Days' payable } &\quad\quad \
\hline \text { Days' sales uncallected } && \text { Debt to equity ratio } & \
\hline \text { Profit marpin } && \text { Price/earnings (P/E) ratid } & \
\hline \text { Return an assets } && \text { Dividends yield } & \
\hline
\end{array}$$

Question

Financial statements for Cancun Corporation are presented below.
   Note: Dividends of $0.60 per share were declared and paid during 20x8.The market price of the stock on December 31,2010 was $18.00 per share.
Compute the following for 2010 and place your answers in the spaces provided.Round answers to two decimal places.Show your work.
 $$\begin{array} { | l | l | l |l| } 
\hline \text { Quick ratio } &\quad\quad& \text { Days' payable } &\quad\quad \
\hline \text { Days' sales uncallected } && \text { Debt to equity ratio } & \
\hline \text { Profit marpin } && \text { Price/earnings (P/E) ratid } & \
\hline \text { Return an assets } && \text { Dividends yield } & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Financial statements for Cancun Corporation are presented below.
   Note: Dividends of $0.60 per share were declared and paid during 20x8.The market price of the stock on December 31,2010 was $18.00 per share.
Compute the following for 2010 and place your answers in the spaces provided.Round answers to two decimal places.Show your work.
 $$\begin{array} { | l | l | l |l| } 
\hline \text { Quick ratio } &\quad\quad& \text { Days' payable } &\quad\quad \
\hline \text { Days' sales uncallected } && \text { Debt to equity ratio } & \
\hline \text { Profit marpin } && \text { Price/earnings (P/E) ratid } & \
\hline \text { Return an assets } && \text { Dividends yield } & \
\hline
\end{array}$$

Financial Statements for Cancun Corporation Are Presented Below