Question: Please answer peoblem #9, SHOWING ALL WORK ACCORDINGLY IN ALL SECTIONS. Thank you! The following data are taken from the financial statements of Cullumber Company.
The following data are taken from the financial statements of Cullumber Company. The data are in alphabetical order. Accounts payable $28,000 Net sales $478,000 Accounts receivable 72,500 Other current liabilities 25,500 Average common shares out. 20,000 Salaries and wages payable 7,400 Cash 58,435 Stockholders' equity 144,050 Gross profit 190,000 Total assets 335,000 Net income 50,000 Compute the following: (Round current ratio and earnings per share to 2 decimal places, eg, 2.51.) (a) Current ratio :1 (6) Working capital $ (c) Earnings per share $ (d) Debt to assets ratio
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