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 Content hidden
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