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Author Question: The 2020 and 2021 partial balance sheets for Ottoman Industries are shown below.20202021Current ... (Read 45 times)

knightj

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on: Feb 5, 2023

Question 1

Which of the following measures how much of earnings per share is returned to common stockholders in the form of dividends?
◦ Return on assets
◦ Price/earnings ratio
◦ Earnings per share
◦ Dividend payout ratio

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$   30,000
Noncurrent liabilities   60,000   40,000
Total liabilities80,00070,000
Total stockholders' equity   46,000   36,000
Total liabilities and stockholders' equity$126,000$106,000

Calculate the current ratio for 2021.
◦ 2.20
◦ 0.47
◦ 1.37
◦ 0.62
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by knightj on Feb 5, 2023

nora9826

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Reply #1 on: Feb 5, 2023
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knightj

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

scottmt

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Reply 3 on: Yesterday
Excellent

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