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Other Fields Homework Help Accounting Topic started by: Tomm on Nov 11, 2017



Title: The following balance sheet dated December 31, 2013, is available for Catchacoma Inc.AssetsCash$ ...
Post by: Tomm on Nov 11, 2017
The following balance sheet dated December 31, 2013, is available for Catchacoma Inc.

Assets
Cash   $ 50,000
Marketable securities   120,000
Accounts receivable   250,000
Inventory   150,000
Equipment   300,000
Total assets   $870,000

Liabilities and shareholders' equity
Accounts payable   $120,000
Salary payable   10,000
Bonds payable   350,000
Common shares   200,000
Retained earnings   190,000
Total liabilities and shareholders' equity   $870,000

Additional information:
∙ Net income for 2013 was $160,000.
∙ Dividends paid during 2013 amounted to $2 per share.
∙ No additional shares of stock were issued during the year.
∙ The shares were issued for $5 each
∙ The price/earnings ratio was 20.

Calculate for the year ended December 31, 2013:
a. current ratio
b. acid-test ratio
c. debt ratio
d. market price per share
e. dividend yield


Title: Re: The following balance sheet dated December 31, 2013, is available for Catchacoma Inc.AssetsCash$ ...
Post by: msayed2004 on Nov 11, 2017
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