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Compute the debt ratio for year

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Reference no: EM132583965

Total assets (40% of which are current)    $477,000            $381,000

Current liabilities                                   $80,000             $100,000

Bonds payable, 12%                              100,000              50,000

Capital stock, $5 par value                       100,000            100,000

Retained earnings                                 197,000             131,000

Total liabilities & stockholders' equity $477,000              $381,000

Dividends of $16,000 were declared and paid in year 2.

Question a. Compute the current ratio for year 2 and year 1. (Round to 1 decimal place.)

Question b. Compute the debt ratio for year 2 and year 1. (Round percentage answers to nearest whole percent. i.e. 0.1234 as 12%.)

Question c. Compute the earnings per share for year 2. (Round to 2 decimal places.)

Reference no: EM132583965

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