Question 46

Information for Ramirez Corp. is given below:


Additional information: There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2013, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2013. Assume that preferred dividends for the current year have not been declared. At December 31, 2013, the current ratio was

1,563

Information for Ramirez Corp. is given below: There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2013, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2013. Assume that preferred dividends for the current year have not been declared. At December 31, 2013, the current ratio was The number of times interest was earned during 2013 was At December 31, 2013, the book value per share of common stock was the rate of return for 2011 based on the year-end common stockholders' equity was