19 Jul Accounting Homework Question 4, 2
Financial statement data of Style TravelerStyle TravelerMagazine include the following items (dollars in thousands):
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Cash . . . . . . . . . . . . . . . . . . . . . . . .
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$24,000
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Accounts receivable, net . . . . . . . .
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$84,000
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Inventories . . . . . . . . . . . . . . . . . . .
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$188,000
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Total assets . . . . . . . . . . . . . . . . . .
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$637,000
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Short-term notes payable . . . . . . .
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$47,000
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Accounts payable . . . . . . . . . . . . .
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$100,000
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Accrued liabilities . . . . . . . . . . . . . .
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$39,000
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Long-term liabilities . . . . . . . . . . . .
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$223,000
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Net income . . . . . . . . . . . . . . . . . . .
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$69,000
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Common shares outstanding . . . .
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20,000
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Requirement 1.Compute Style TravelerStyle Traveler’s current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places.
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Current Ratio
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Debt Ratio
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Earnings Per Share
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1.59
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0.64
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$3.45
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(Round all ratios to two decimal places.)
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| Copy to Clipboard… | + | |||
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Current Ratio
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Debt Ratio
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Earnings Per Share
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a.
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