Author Question: The 2020 and 2021 partial balance sheets for Ottoman Industries are shown below.20202021Current ... (Read 10 times)

knightj · **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.

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	$ 30,000
Noncurrent liabilities	60,000	40,000
Total liabilities	80,000	70,000
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

nora9826 · **Reply #1 on:** Feb 5, 2023

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