Question: USE THE FOLLOWING DATA SET TO ANSWER QUESTION 53 #54 and #55 BJ Inc. has the following balances as of December 31, 2018: Current Assets
USE THE FOLLOWING DATA SET TO ANSWER QUESTION 53 #54 and #55 BJ Inc. has the following balances as of December 31, 2018: Current Assets of $1,250,000 Current Liabilities of $500,000 Net Income of $5,000,000 Preferred Dividend of $0.00 Weighted Average Common Shares Outstanding is 10,000 shares 53. Calculate the Current Ratio as of December 31, 2018: A) B) C) D) 1.5:1 1.8:1 1.1:1 2.5:1 54. Calculate the Working Capital as of December 31, 2018: A) $4,500,000 B) $3,750,000 C) $750,000 D) Not enough information is provided to solve this problem. 55. Calculate Earnings Per Share as of December 31, 2018: A) B) C) D) $1,500 $1,250 $500 $1,000
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