The Financial Statements of the Poston Company Appear Below

question 15

Essay

The financial statements of the Poston Company appear below.Calculate the following ratios:
a. Rate of return on assets
b. Rate of retum on common shareholders' equity
c. Eamings per share of common stock
d. Current ratio (both dates)
e. Cash flow from operations to current liabilities
f. Long-term debt ratio (both dates)
g. Cash flow from operations to total liabilities
h. Interest coverage

$\begin{array}{lll}&\text { January } 1&\text { December } 31\\\text { Current assets } & \$ 180,000 & \$ 210,000 \\\text { Noncurrent assets } & 255,000 & 275,000 \\\text { Current liabilities } & 85,000 & 78,000 \\\text { Long-term liabilities } & 30,000 & 75,000 \\\text { Common stock, } 10,000 \text { shares } & 300,000 & 300,000 \\\text { Retained earmings } & 20,000 & 32,000\\\\\\\text { Operations }\\\\\text { Net income } & \$ 84,000 \\\text { Interest expense } & 3,000 \\\text { Income taxes (30 percent rate) } & 36,000 \\\text { Cash provided by operations } & 30,970 \\\text { Dividends declared } & 72,000\end{array}$

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Definitions:

Gender Stereotypes

Preconceived notions and generalized beliefs about characteristics, roles, and behaviors of men and women based on their gender.

Feminine Nicknames

Shortened or informal names often given to females, used as terms of endearment or familiarity.

Default Preference

The option automatically selected if no alternative is specified by the user, often seen in settings and choices.

Gender Socialization

The process by which individuals learn and internalize the roles, behaviors, and expectations that society prescribes for their gender.