Following data are taken from the financial statements of H. Hogan Company. The average number of shares of common outstanding for the year was 10,000. The following data are in aphabetical order:
Accounts payable $25,000
Accounts receivable $76,000
Cash $34,000
Gross profit $185,000
Net income $60,000
Net sales $400,000
Other current liabilities $15,000
Salaries payable $4,000
Stockholders’ equity $114,000
Total assets $285,000
Compute the following:
a. Current ratio
b. Debt to total assets ratio
c. Earnings per share
d. Working capital
