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Author Question: The 2020 and 2021 partial balance sheets for Ottoman Industries are shown below.20202021Current ... (Read 16 times)

dhsndn

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on: Feb 5, 2023

Question 1

When will the price/earnings ratio change?
◦ Every time a share of stock is traded
◦ Every time dividends are paid
◦ At the end of each year
◦ Every time the stock price changes

Question 2

The 2020 and 2021 partial balance sheets for Ottoman Industries are shown below.

​​20202021
Current assets​​
  Cash and cash equivalents$  16,000$  14,000
  Accounts receivable, net20,00024,000
  Inventory25,00023,000
  Marketable equity securities     5,000     5,000
Total current assets66,00066,000
Plant & equipment, net   60,000   40,000
Total assets$126,000$106,000
​​​
Current liabilities$   20,000$   40,000
Noncurrent liabilities60,000   30,000
Total stockholders' equity   46,000   36,000
Total liabilities and stockholders' equity$126,000$106,000

Calculate Ottoman's working capital for 2021.
◦ $36,000
◦ 1.53
◦ $26,000
◦ 1.65
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by dhsndn on Feb 5, 2023

hvhf4k+549qz8f218jyo@shar

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Reply #1 on: Feb 5, 2023
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dhsndn

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Reply 2 on: Feb 5, 2023
Excellent

nguyenhoanhat

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Reply 3 on: Yesterday
Wow, this really help

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