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  1. business
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  3. a company has the following partial income stateme

A company has the following partial income statement and Balance Sheet. 2018 2019 Net Sales...

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Accounting

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A company has the following partial income statement and Balance Sheet. 2018 2019 Net Sales 8,000,000 9,000,000 CGS 2,000,000 2,500,000 Net Income $300,000 $320,000 2018 2019 Cash 200,000 180,000 600,000 A/R 120,000 Inventory 1,000,000 Total Assets $6,000,000 800,000 $5,000,000 Note: The market price of each share is $12 and the company has 20,000 shares in public market in 2019. on average 75% of sales was on credit in 2019. How much was Earning per share in 2019? Oa.$1.60 Ob.$16 Oc.$160 Od.$0.16 How much was average collection period of A/R in 2019? Note: The market price of each share is $12 and the company has 20,000 shares in public market in 2019. on average 75% of sales was on credit in 2019. How much was Earning per share in 2019? Oa.$1.60 Ob.$16 Oc.$160 Od.$0.16 How much was average collection period of A/R in 2019? Oa.20 Ob.18.25 Oc. 19.47 Od.25 days days days days How much was Market Capitalization of the business in 2019? a. $3,200,000 b.$240,000 c.$2,400,000 d.$320,000

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