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Selected items from successive annual reports of Carey, Inc., appear as follows: Dividends of $16,000 were declared and paid in

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Selected items from successive annual reports of Carey, Inc., appear as follows:

Selected items from successive annual reports of Carey, Inc., appear

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 2 0 to 1 160 000 …View the full answer


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Financial and Managerial Accounting the basis for business decisions

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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Question Details
Chapter # 14
Section: Exercises
Problem: 13
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Question Posted: April 17, 2014 10:32:16
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