Question: This is the 1st section of CHapter 3.14 self test problems. please help me solve them. What is the 1 3-14 Self-Test Problems the following

This is the 1st section of CHapter 3.14 self test problems. please help me solve them.

This is the 1st section of CHapter 3.14 self test problems. please

What is the 1 3-14 Self-Test Problems the following financial data for the Freemont Corporation are to be used in answering self-test problems 1-6. Balance Sheet ($000) Liabilities & Stockholders Equity $12,500 Accounts payable Assets $ 1,500 12,500 Cash Notes payable 2,500 Marketable securities Total current liabilities $25,000 15,000 22,000 Accounts receivable Long-term debt 33,000 Inventory Total liabilities $47,000 Total current assets $52,000 Common stock (par value) 5,000 Fixed assets (net) 35,000 Contributed capital in excess of par 18,000 Total assets $87,000 Retained earnings 17,000 Total stockholders' equity $40,000 Total liabilities and stockholders' equity $87,000 Income Statement ($000) Sales (all on credit) $130,000 Cost of sales 103,000 Gross margin $ 27,000 Operating expenses* 16,000 Earnings before interest and taxes $ 11,000 Interest expense 3,000 Earnings before taxes Income tax $ 8,000 Earnings after taxes 3,000 $ 5,000 "Includes $:2001000) in lease payments Other Information Stock price Book value/share $9.50 Number of shares $8.00 5,000 (000) ST1. Calculate the following liquidity ratios: a. Current ratio b. Quick ratio

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