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Use the Following Information to Calculate the Ratios Requested Below

Question 162

Essay

Use the following information to calculate the ratios requested below. Round answers to two decimal places. Show your work.
 Average total assets $112,500 Current assets, December 3132,000 Current liabilities, December 3110,000 Dividends paid 7,000 Stockhol ders’ equity, December 3162,500 Net sales 270,000 Total liabilities, December 31 50,000 Market price, December 31, on 2,000 shares $70/ share \begin{array} { l r } \text { Average total assets } & \$ 112,500 \\\text { Current assets, December } 31 & 32,000 \\\text { Current liabilities, December } 31 & 10,000 \\\text { Dividends paid } & 7,000 \\\text { Stockhol ders' equity, December } 31 & 62,500 \\\text { Net sales } & 270,000 \\\text { Total liabilities, December 31 } & 50,000 \\\text { Market price, December 31, on 2,000 shares } & \$ 70 / \text { share }\end{array}  Dividendsyield  Debt to equityratid  Curtantratid  Amet turnever \begin{array} { | l | l | l | l | l } \hline \text { Dividendsyield } & \text { Debt to equityratid } & \\\hline \text { Curtantratid } & \text { Amet turnever } & \\\hline & & &\end{array}

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