College
Library, Inc. has 2,500 shares of 4%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2017, and December 31, 2018. The board of directors declared and paid a $3,000 dividend in 2017. In 2018, $18,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2018?
The ratios that are used to determine a company's short-term debt paying ability are A. current ratio, account receivable turnover, and inventory turnover. B. times interest earned, inventory turnover, current ratio, and receivables turnover. C. times interest earned, accounts receivable turnover ratio, current ratio, and inventory turnover. D. asset turnover, times interest earned, current ratio, and accounts receivables turnover.