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problem: The following are the year-end balances of Salter Corporation for 2006 and 2007:







Accounts Receivable






Property, Plant, and Equip



Total assets





Accounts Payable



Bonds Payable (due in 2010)



Capital Stock



Retained Earnings



Total liabilities & Equity



Needed: If income for 2007 was dollar150,000, provide the following data of December 31, 2007: [Do not forget the articulation of statements discussed during Week 2 and 3- including retained earnings].

[A] Dividends declared (2007 only) = $____
[B] Debt ratio (2007 only) = ______
[C] Current ratio (2007 only) = ______
[D] Debt-to-equity ratio (2007 only)= _____

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M920622

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