A. How many shares of common stock does this corporation have? B. How many sha

    A. How many shares of common stock does this corporation have?
    B. How many shares of Preferred stock does this corporation have?
    C. What is the total dividend that will be paid for Preferred stock?
    D. If the Preferred stock listing stated $3 instead of 3% would that change the total dividend amount? Why? 2.
    Balance Sheet:
    Cash
    2010: $27000
    2009: $33000 Short-term investments
    2010: 22000
    2009: 28000 Net receivables
    2010: 54000
    2009: 72000 Inventory
    2010: 65000
    2009:42000 Prepaid expenses
    2010: 7000
    2009: 9000 Total current assets
    2010: 175000
    2009: 184000 Total current liabilities
    2010: 87500
    2009: 92000 Income Statement: Net credit sales
    $554800
    Cost of goods sold
    331700 1. What is the current ratio for 2010?
    2. What is the quick ratio for 2010?
    3. What is the inventory turnover for 2010?
    4. What is the accounts receivable turnover for 2010?
    Please show all your work not just the answer.

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