Author Question: The 2020 and 2021 partial balance sheets for Ottoman Industries are shown below.20202021Current ... (Read 40 times)

dhsndn · **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.

2020

2021

Current assets
Cash and cash equivalents	$ 16,000	$ 14,000
Accounts receivable, net	20,000	24,000
Inventory	25,000	23,000
Marketable equity securities	5,000	5,000
Total current assets	66,000	66,000
Plant & equipment, net	60,000	40,000
Total assets	$126,000	$106,000

Current liabilities	$ 20,000	$ 40,000
Noncurrent liabilities	60,000	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

hvhf4k+549qz8f218jyo@shar · **Reply #1 on:** Feb 5, 2023

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