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(Solved): Following is the balance sheet of Benson Company for Year 3: The average number of common stock sha ...
Following is the balance sheet of Benson Company for Year 3: The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was . Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45 .)
Expert Answer
a. Current ratio = current assets ------------------ current liabilities $47,220 = ---------- = 2.80 $16...