Answer:
2.7:1
Explanation:
Calculation to determine what The current ratio for 2012 is
Using this formula
The current ratio for 2012= Current assets/Current liabilities
Let plug in the formula
Current ratio for 2012= ($81,000/$30,000)
Current ratio for 2012=2.7:1
Therefore The current ratio for 2012 is 2.7:1
Answer:
$3.03
Explanation:
Calculation for What should be Freedom Company's 2020 earnings per common share,
Earnings per common share =$1,160,000/ [$350,000 + ($100,000 × 4/12 )]
Earnings per common share=$1,160,000/($350,000+$33,333)
Earnings per common share=$1,160,000/$383,333
Earnings per common share= $3.03
Therefore What should be Freedom Company's 2020 earnings per common share is $3.03
Answer:
$15,747.34.
Explanation:
The Future Value of the Investment, FV can be determined using a financial calculator as follows :
Pv = - $3,400
n = 18 × 2 = 36
p/yr = 2
r = 8.70 %
Pmt = $0
Fv = ?
Using a Financial calculator, the Future Value of the Investment, FV is $15,747.34.
Answer:
$273,600
Explanation:
The selling price per unit is $160
Variable expense per unit is $70.40
Fixed expense per month is 153,216
Therefore the monthly breaking can be calculated as follows
CM ratio = 56%
=>56/100
= 0.56
= 153,216/0.56
= 273,600
Hence the monthly break even in monthly dollars sales is $273,600