Figure 16-4. Condensed Financial Statements for Black Company Appear Below

question 80

Essay

Figure 16-4.
Condensed financial statements for Black Company appear below:
There were 72,000 shares of common stock outstanding throughout the 2014. Dividends on common stock amounted to $320,400 and dividends on preferred stock amounted to $45,000. The market value of a share of common stock was $54 at the end of 2014. The income tax rate is 30%.
-Refer to Figure 16-4.
Required: Calculate the following liquidity ratios for 2014.

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Definitions:

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Neuroticism

A personality trait characterized by a long-term tendency to experience negative emotions such as anxiety, sadness, and moodiness.

Conscientiousness

A personality trait characterized by being diligent, careful, thorough, organized, and responsible.

Neuroticism

A personality trait characterized by a tendency to experience negative emotions, such as anxiety, depression, and irritability, more frequently and intensely than others.