The Following Data Are Taken from the Financial Statements of Rosen

question 149

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. 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:

Magistrate

A judicial officer with limited authority, often responsible for handling minor criminal offenses and preliminary matters in legal cases.

Probable Cause

A reasonable basis, found through evidence or facts, for believing that a person has committed a crime, used as a standard for arrests and issuing search warrants.

First Appearance

The initial appearance of an arrested individual before a judge, who determines whether there was probable cause for the arrest. If the judge ascertains that probable cause did not exist, the individual is freed.

Arraigned

The act of bringing a defendant before a court to formally charge them with a crime and take their plea.