The Financial Statements of Grogan Company Appear Below

question 54

Essay

The financial statements of Grogan Company appear below: Additional information:
a. Cash dividends of $23,000 were declared and paid in 2014.
b. Weighted-average number of ordinary shares outstanding during 2014 was 30,000 shares.
c. Market value of ordinary shares on December 31, 2014, was $21 per share.
Instructions
Using the financial statements and additional information, compute the following ratios for Grogan Company for 2014. Show all computations.

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Definitions:

Neutrons

Neutrons are subatomic particles found in the nucleus of an atom; they have no electric charge and a mass slightly greater than that of protons.

Protons

Positively charged particles located within an atom's nucleus, contributing to the atom's overall charge and mass.

Radioactive Decay

Process in which an atom emits energy and/or subatomic particles when its nucleus spontaneously breaks up.

Subatomic Particles

Components smaller than atoms, such as electrons, protons, and neutrons, which make up the atom's structure and properties.