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Please refer to Table 4-7 for the following question.
Table 4-7
Hokie Corporation Comparative Balance Sheet
For the Years Ending December 31, 2009 and 2010
(Millions of Dollars)
Hokie had net income of $28 million for 2010 and paid total cash dividends of $20 million to their common stockholders.
-Calculate the following 2010 financial ratios of Hokie Corporation using the information given in Table 4-7:
i.current ratio
ii.acid test ratio
iii.debt ratio
iv.return on total assets
v.return on common equity
Clear And Present Danger
A doctrine used to test whether limitations may be placed on First Amendment freedoms of speech, press, or assembly when the exercise of these rights presents an immediate danger.
Affirmative Action
Policies or measures that favor individuals belonging to groups known to have been discriminated against previously, often related to education and employment.
Future Sum
The amount of money or value to be received or paid at a specified date in the future.
Interest Rate
The fee, represented as a fraction of the initial sum, that a creditor levies on a debtor for asset utilization.
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