Selected items from successive annual reports of Carey, Inc., appear as follows: Dividends of $16,000 were declared
Question:
Dividends of $16,000 were declared and paid in 2011.
Compute the following:
a. Current ratio for 2011 and 2010.
b. Debt ratio for 2011 and 2010.
c. Earnings per share for2011.
Transcribed Image Text:
2011 2010 Total assets (40% of which are current) . . . . . $400.000 Current liabilities Bonds payable, 12% Capital stock, $5 par value·-·-· Retained eamings. Total liabilities & stockholders' equity$400,000 $325.000 S 80,000 $100,000 100,000 50,000 100,000 100,000 120,000 75,000 $325,000
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2010 2011 a Current ratio 20 to 1 160000 8...View the full answer
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Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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