Examine the financial data of Stephens Corporation. Show how to compute Stephens current ratio for each year
Question:
Show how to compute Stephens current ratio for each year 2010 through 2012. Is the companys ability to pay its current liabilities improving ordeteriorating?
Transcribed Image Text:
Year Ended December 31 2012 2011 2010 Operating Results Net i Per common share Percent of sales Return on average 5250 340 342 $1.37 $1.68 $1.99 19.9% 17.9% 19.3% 18.0 stockholders' equity. 19.0 Financial Position Current a Current liabilities Working capital Current ratio $ 590 497 44S S 362 S 333 339 $228 164 106 1.31 1.63 1.49
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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