Your answer is partially correct. me following data are taken from the financial statements of JB Chris, Inc. The average number of shares of common stock tstanding for the year was 5,200. The following data are in are provided: Accounts payable Accounts receivable Cash Gross profit Net income $20,800 1. Current ratio 23,400 54,600 148,200 26,000 Net sales Other current liabilities Salaries and wages payable Total stockholders' equity Total assets 21 $382,200 :1 14,300 3,900 174,720 ompute the following: (Round Earnings per share to 2 decimal places, e.g. 52.51 and all other answers to 1 decimal place, e.g. 525.1.) 0.25/1 312,000
Your answer is partially correct. me following data are taken from the financial statements of JB Chris, Inc. The average number of shares of common stock tstanding for the year was 5,200. The following data are in are provided: Accounts payable Accounts receivable Cash Gross profit Net income $20,800 1. Current ratio 23,400 54,600 148,200 26,000 Net sales Other current liabilities Salaries and wages payable Total stockholders' equity Total assets 21 $382,200 :1 14,300 3,900 174,720 ompute the following: (Round Earnings per share to 2 decimal places, e.g. 52.51 and all other answers to 1 decimal place, e.g. 525.1.) 0.25/1 312,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter4: Accounting For Retail Operations
Section: Chapter Questions
Problem 4.1MBA
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Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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