Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following data are taken from the financial st

The following data are taken from the financial statements of JB Jason, Inc. The...

50.1K

Verified Solution

Question

Accounting

The following data are taken from the financial statements of JB Jason, Inc. The average number of shares of common stock outstanding for the year was 4,960. The following data are in are provided: Accounts payable Accounts receivable Cash Gross profit Net income 1. Current ratio 2. Debt to assets ratio 3. Earnings per share $19,840 4. Profit margin 29,760 52,080 141,360 25,792 Net sales Other current liabilities Salaries and wages payable Total stockholders' equity Total assets Compute the following: (Round Earnings per share to 2 decimal places, e.g. 52.51 and all other answers to 1 decimal place, e.g. 525.1.) :1 % per share $364,560 % 13,640 3,720 160,704 297,600
image
The following data are taken from the financial statements of JB Jason, Inc. The average number of shares of common stock outstanding for the year was 4,960 . The following data are in are provided: Compute the following: (Round Earnings per share to 2 decimal places, es. 52.51 and all other answers to 1 decimal place, es. 525.1.) 1. Currentratio 2. Debt to assets ratio 3. Earnings per share 4. Profitmargin :1 % per share %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

There are 8 people that would like to receive tickets for the orchestra concert, but...

Psychology
1.2K views

1.) Define Memory 2.) Define each (Capacity and duration/time):    a. sensory memory    b. short-term memory    c. long-term memory 3.) Describe the...

Advance Math
1.2K views

Because I'm trying to learn how to solve this kind of problem in the future please...

Accounting
1.2K views

Patricia, a CPA, is the new controller for a small construction company, Domingo Builders, that employs...

Geometry
1.2K views

The circle with center C 2 5 and containing the point P 2 1

Algebra
1.2K views

ne complex number 7 9i represents which radical expressions below A 7 3 7 9...

Accounting
1.2K views

Jacquie Inc. reports the following annual cost data for its single product. Normal...

Accounting
1.2K views

What is the maturity date of a 120-day note receivable dated March 5?

Accounting
1.2K views

Bill invested $600 in an account paying 7.2% simple interest per year for 4 years....

Accounting
1.2K views

Ch. 17 Activity Based Coating Three familiet went out to dinner together for a soccer...

Finance
1.2K views

See the exhibit below for the Parnassus Fund (PARNX). The row "Category=: LG" represents the...

Finance
1.2K views

The following information applies to Q6a and Q6b Suppose stock returns are described by the...