Selected information from the financial statements of Sandhill's Coffee Brewers for the year ended December 31, 2014, appears below: Current assets Total assets Current liabilities Long-term liabilities Sales revenue Dividends Net income $225,000 792,000 90,000 108,000 1,044,000 72,000 160,800 Calculate the amounts indicated below relating to the year ended December 31, 2014. The number of shares outstanding at the end the year was 3,000. Show computations. (Round "Current ratio" and "Earnings per share" to 2 decimal places, e.g. 52.7 1. The current ratio for 2014 is 2. The debt to assets ratio for 2014 is 3. The working capital for 2014 is $ 4. The earnings per share for 2014 is $ times % per share

Selected information from the financial statements of Sandhill's Coffee Brewers for the year ended December 31, 2014, appears below: Current assets Total assets Current liabilities Long-term liabilities Sales revenue Dividends Net income $225,000 792,000 90,000 108,000 1,044,000 72,000 160,800 Calculate the amounts indicated below relating to the year ended December 31, 2014. The number of shares outstanding at the end the year was 3,000. Show computations. (Round "Current ratio" and "Earnings per share" to 2 decimal places, e.g. 52.7 1. The current ratio for 2014 is 2. The debt to assets ratio for 2014 is 3. The working capital for 2014 is $ 4. The earnings per share for 2014 is $ times % per share

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 19BEA

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