Use the Following Information to Calculate the Ratios Requested Below

question 111

Essay

Use the following information to calculate the ratios requested below.Round answers to two decimal places.Show your work. $$\begin{array} { l r } \text { Average total assets } & \$ 85,000 \\\text { Current assets, December } 31 & 24,000 \\\text { Current liabilities, December } 31 & 7,500 \\\text { Dividends paid } & 5,250 \\\text { Stockholders' equity, December } 31 & 50,000 \\\text { Net sales } & 212,500 \\\text { Total liabilities, December } 31 & 35,000 \\\text { Market price, December } 31 \text {, on } 2,500 \text { shares } & \$ 50 / \text { share }\end{array}$$ $$\begin{array} { | l | l | l |l|} \hline \text { Dividends yield } &\quad\quad& \text { Debt to equity ratio } &\quad\quad \\\hline \text { Current ratio } && \text { Asset turnover } & \\\hline\end{array}$$

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Definitions:

Unionize

The act of forming or joining a union to collectively bargain for improved working conditions, wages, and benefits.

Open Shop Movement

Advocacy for workplaces where union membership is not a condition of employment, allowing employees the choice to join or not join a union.

Private Sector Union Density

Refers to the proportion of workers in the private sector who are members of a union, indicating the level of unionization within private industry.

Labor Movement

A social movement aiming to improve conditions for workers, focusing on rights, wages, and working conditions.