Question: (CLO 2) Please answer the following question [5 marks] A) (CLO2) A company has current liabilities of $710 million, and its current ratio is 2.

(CLO 2) Please answer the following question [5 marks] A) (CLO2) A company has current liabilities of $710 million, and its current ratio is 2. What is its level of current assets? If this firm's quick ratio is 2.5, how much inventory does it have? B) (CLO2) You have the following accounts and financial data for Alkhazna company for 2019. Accounts and financial Data from Alkhazna Company 2019 Sales revenue Accounts receivable $3068 557 Costs of Goods Sold 1805 Preferred stocks dividends 20 Interest expense 128 Tax rate 40% Total operating expense 605 Number of common shares outstanding 1000 Accounts payable 244 1. What is the firm's earnings available to common shareholders for 2019? 2. What is The firm's earnings per share (EPS) for 2019? 3. What is the firm's net profit after taxes for 2019?You may use the following formulas: Current assets-Inventory Quick ratio: Current liabilities Current ratio Current assets + Current liabilities Earnings available for common stockholders Earnings per share= Number of shares of common stock outstanding Paragraph

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!