Brock Company’s financial information is listed below. Assum…

Brock Company’s financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $37,046 Accounts receivable (net) 28,014 Inventory 33,142 Property, plant, and equipment 261,564 Total assets $359,766     Liabilities and Stockholders’ Equity Current liabilities $61,804 Long-term liabilities 97,286 Common stock, $10 par 63,340 Retained earnings 137,336 Total liabilities and stockholders’ equity $359,766     Income Statement Sales $96,072 Cost of goods sold 43,232 Gross margin $52,840 Operating expenses 29,134 Net income $23,706     Number of shares of common stock 6,334 Market price of common stock $27 What is the current ratio? Round your answer to two decimal places.

Richards Corporation had net income of $250,000 and paid div…

Richards Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. It had 50,000 shares of common stock outstanding during the entire year. Richards Corporation’s common stock is selling for $35 per share. The price-earnings ratio is

Brock Company’s financial information is listed below. Assum…

Brock Company’s financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and equipment 215,000 Total assets $310,000     Liabilities and Stockholders’ Equity Current liabilities $60,000 Long-term liabilities 95,000 Common stock, $10 par 60,000 Retained earnings 95,000 Total liabilities and stockholders’ equity $310,000     Income Statement Sales $90,000 Cost of goods sold 45,000 Gross margin $45,000 Operating expenses 20,000 Net income $25,000     Number of shares of common stock 6,000 Market price of common stock $20 What is the current ratio? Round your answer to two decimal places.

Richards Corporation had net income of $278,114 and paid div…

Richards Corporation had net income of $278,114 and paid dividends to common stockholders of $42,700. It had 57,700 shares of common stock outstanding during the entire year. Richards Corporation’s common stock is selling for $63 per share. The price-earnings ratio is