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PROBLEM 11 (10%) The following data was taken from the income statement and halance sheet at the end of the current year of Kaczynski Corp. The net income was $900,00 Building Accumulated Depreciation Bldg Cash Marketable Securities Account Receivables Allowance for Uncollectible Accts. Merchandise Inventory Supplies Prepaid Insurance Accounts Payable Accrued Liabilities Mortgage Payable Common Stock, $3 Par Value Paid-In Capital in Excess of Par, Common Retained Earnings $ 1,000,000 125,000 245,000 124,000 4,000 105,000 2,000 3,000 100,000 20,000 18,000 225,000 REQUIRED Determine the following 1. Current Ratio 2. Quick Ratio 3. Earnings per Share PROBLEM 111 (20%) The following transactions took place in 2018for Dahmer Corp Issued 20,000 shares of S1 par value common stock for $50,000, Declared dividend of $4 per share on the outstanding shares of common stock to shareholders of record as of March 25. Assume that there were 50,000 shares of outstanding stock as of March 15. Mar.15 Apr. 1 Paid dividends declared March 15 July1 Reacquired 10,000 shares of its own stock at $13 Sept. 1 Declared and issued a 10% stock dividend on the outstanding common stock. The fair market value of a common share of Dahmer Corp. was $16 REOIRED, Pepurethne daes

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