Current Ratio, Working Capital, Earnings per shar

Current Ratio, Working Capital, Earnings per shar

The following accounts are taken from the financial statements of Edington Company. The accounts are in alphabetical order.

AP 28,000
AR 65,000
Average common shares O/S 20,000
Cash 56,000
Gross Profit 190,000
Net Income 50,000
Net Sales 500,000
Other Current Liabilities 20,000
Salaries payable 7,000
Stockhol…

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