The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $629,905 $553,724 Total investments 61,449 43,095 Total property, plant, and equipment 918,844 783,040 Total current liabilities 101,856 88,651 Total long-term liabilities 295,597 241,554 Preferred 9% stock, $100 par 81,372 81,372 Common stock, $10 par 573,468 573,468 Paid-in capital in excess of par-common stock 62,998 62,998 Retained earnings 494,907 331,816 Using the balance sheets for Kellman Company, if net income is $108,054 and interest expense is $30,221 for Year 2, and market price is $33, what is the price-earnings ratio on common stock for Year 2 (rounded to two decimal places)

Which of the following government agencies is responsible for managing the money supply in the united states? a. the u.s. mint b. the federal reserve bank c. congress d. the department of the treasury 2b2t

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

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