Current Ratio, Debt Ratio, and Earnings per Share Dividends of $16,000 were declared and paid in 2015.

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Current Ratio, Debt Ratio, and Earnings per Share

Dividends of $16,000 were declared and paid in 2015.
Compute the following:
a. Current ratio for 2015 and 2014.
b. Debt ratio for 2015 and 2014.
c. Earnings per share for 2015?

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Related Book For answer-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078025778

17th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Oct 05, 2016 08:32 AM

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Current Ratio, Debt Ratio, and Earnings per Share Dividends of $16,000 were declared and paid in 2015.

Question:

2015 2014 $400,000 80,000 100,000 $325,000 $100,000 50,000 Total assets (40% of which are current) Bonds payable, 1296 .. . 120,000 75,000

Step by Step Answer:

2015 2014 a Current ratio 20 to 1 160000 80000 13 to 1 1...View the full answer

Financial and Managerial Accounting the basis for business decisions

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