Please solve question 2.1 part A, B, and C, thank you
PROBLEMS Financial Statements Current liabilities: $2.1 Consider the balance-sheet entries for War Eagle Working capital: $ Corporation in Table P2.1. Shareholders equity: $ (a) Compute the firm's Current assets: $
Problems 47
TABLE P2.1 Balance Sheet Statement as of December 31, 2015 Assets Cash Marketable securities Accounts receivable Inventories $150,000 $200,000 $150,000 $300,000 Manufacturing plant at cost Less accumulated depreciation Net fixed assets Goodwill Liabilities and Shareholders' Equity Notes payable Accounts payable Income taxes payable Long-term mortgage bonds Preferred stock, 6% $100 par value 1,000 shares Common stock, $15 par value 10,000 shares Capital surplus Retained earnings $600,000 $100,000 $500,000 $20,000 $50,000 $80,000 $400,000 $100,000 $150,000 $150,000
(b) If the firm had a net income of $500,000 after taxes, what are the earnings per share? (c) When the firm issued its common stock, what was the market price of the stock per share?
