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Question(s) / Instruction(s):

The following accounts are taken from the financial statements of Rosen, Inc., as of the end of the year 2010. The accounts are in alphabetical order.

Current Assets                 $120,000

Total Assets                        $250,000

Current Liabilities             $50,000

Total Liabilities                   $200,000

Net Income                        $48,000

Additional information: The average common shares outstanding during the year were 40,000.

Compute the following:

(a)    Current ratio

(b)    Working capital

(c)    Earnings per share

(d)    Debt to total assets ratio

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