The income statement of Micro Computers, Inc. showed the following information on December 31, 2011.
Compute earnings per share figures for common stock under the assumption that Micro Computer Inc. has
Definitions:
Total Assets Turnover Ratio
Measures the turnover of all the firm’s assets; it is calculated by dividing sales by total assets.
Debt Ratio
A financial ratio that measures the extent of a company’s or individual's leverage, calculated by dividing total liabilities by total assets.
Window Dressing
Techniques employed by firms to make their financial statements look better than they really are.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets over its current liabilities.
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