Ace Construction Company reported the following balance sheet and income statement data for the year ending...

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Ace Construction Company reported the following balance sheet and income statement data for the year ending December 31, 2025. Current assets $ 64,000 Net income $149,000 Current liabilities 24,000 Stockholders' equity 84,000 Preferred dividends 24,200 Total liabilities 41,000 Total assets 125,000 Common dividends 35,000 The company had average common shares outstanding during the period of 390,000. Compute the company's (a) working capital and (b) earnings per share. (Round earnings per share to 2 decimal places, e.g. 1.55.) (a) Working capital $ (b) Earnings per share $ Ace Construction Company reported the following balance sheet and income statement data for the year ending December 31, 2025. Current assets $ 64,000 Net income $149,000 Current liabilities 24,000 Stockholders' equity 84,000 Preferred dividends 24,200 Total liabilities 41,000 Total assets 125,000 Common dividends 35,000 The company had average common shares outstanding during the period of 390,000. Compute the company's (a) working capital and (b) earnings per share. (Round earnings per share to 2 decimal places, e.g. 1.55.) (a) Working capital $ (b) Earnings per share $

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To calculate the unit cost of items transferred to finished goods in the mixing department for Novem... View the full answer