In its recent income statement, a firm reported $25 million of net income, and in its year-end balance sheet, the firm reported
$405 million of retained earnings. The previous year, its balance sheet showed $390 million of retained earnings. What were the total dividends paid to shareholders during the most recent year?
a. $ 6,750,000
b. $10,000,000
c. $11,250,000
d. $ 5,000,000
e. $ 3,500,000
a. $ 6,750,000
b. $10,000,000
c. $11,250,000
d. $ 5,000,000
e. $ 3,500,000
1 answer:
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Answer:
Current ratio= 1.3977
Explanation:
Current Ratio:
It is the measure of company ability to pay short term debits of one year. It also tells how company can increase its current assets.
Given:
Total assets=$689,400
Long-term debt=$198,375
Total equity= $364,182
Net fixed assets =$512,100
Sales = $1,021,500
Formula For current Ratio:
Current Ratio=