The Following Data Are Taken from the Financial Statements of Rosen

question 33

Essay

The following data are taken from the financial statements of Rosen, Inc. as of the end of the year 2014. The data are in alphabetical order. $$\begin{array} { l r l r } \text { Accounts payable } & \$ 28,000 & \text { Net income } & \$ 48,000 \\\text { Accounts receivable } & 66,000 & \text { Other current liabilities } & 17,000 \\\text { Cash } & 24,000 & \text { Salaries and wages payable } & 5,000 \\\text { Gross profit } & 160,000 & \text { Total assets } & 250,000 \\\text { Income before income taxes } & 54,000 & \text { Total liabilities } & 175,000\end{array}$$ Additional information: The average common shares outstanding during the year was 40,000.
Instructions
Compute the following:
(a) Current ratio. (c) Earnings per share.
(b) Working capital. (d) Debts to assets ratio.

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Definitions:

Volcanic Breccia

A coarse-grained volcanic rock composed of angular fragments of volcanic material cemented together by finer particles or a mineral matrix.

Dome Collapse

The falling in of the roof of a volcanic dome due to gravitational failure, often leading to pyroclastic flows.

Volcanic Dome Collapse

The event where a volcanic dome, formed by the slow extrusion of viscous lava from a volcano, collapses, potentially leading to explosive eruptions.

Mudflow Deposits

Sediments left behind by rapid flows of mud, often triggered by heavy rain or volcanic eruptions, that contain a mix of water and fine materials.