Financial ratios
Not what you're looking for?
The following data are taken from the financial statements of R. Reid Company. The average number of shares of common outstanding for the year was $10,000. The following data are in the alphabetical order:
A/P $25,000
A/R 76,000
Cash 34,000
Gross Profit 185,000
Net income 60,000
Net sales $400,000
Other current liabilities 15,000
Salaries payable 4,000
Stock holder's equity 114,000
Total assets 285,000
Instructions
Compute the following:
(1) Current ratio
(2) Debt to total assets ratio
(3)Earnings per share
(4) working capital
Purchase this Solution
Solution Summary
This solution provides a detailed step by step explanation of the given accounting problem.
Solution Preview
1) current ratio=current asset/current liabilities=(cash+A/R)/(A/P+other current liabilities+salaries ...
Purchase this Solution
Free BrainMass Quizzes
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Introduction to Finance
This quiz test introductory finance topics.