Accounts payable $ 13,120 Net sales $ 241,080 Accounts receivable 19,680 Other current liabilities 9,020 Cash 34,440 Salaries and wages payable 2,460 Gross profit 93,480 Total stockholders’ equity 108,240 Net income 16,728 Total assets 196,800 Compute the following: (Round Earnings per share to 2 decimal places, e. g. 52.51 and all other answers to 1 decimal place, e. g. 525.1.) 1. Current ratio enter the ratio rounded to 1 decimal place : 1 2. Debt to assets ratio enter percentages rounded to 1 decimal place % 3. Earnings per share $ enter a dollar amount per share rounded to 2 decimal places per share 4. Profit margin enter percentages rounded to 1 decimal place %

Aiden is 19 years old, unmarried, and was a first-year full-time student working on a degree in accounting during 2018. he has never had a felony drug conviction. aiden did not provide more than half of his own support and can be claimed as a dependent by his mother. aiden’s income was $4,000 in wages working as a part-time cook at a fast food restaurant. aiden received form 1098-t indicating $5,000 for payments received for qualified tuition and related expenses in box 1. he received $8,500 in scholarships and grants, which was reported in box 5. aiden’s scholarship was used to pay for room and board, tuition, and books. the cost of his books was $845. aiden is a u. s. citizen with a valid social security number. 1. which of the following statements is true? a. the portion of the scholarship that was not used for qualified educational expenses must be included in aiden's income. b. the amount spent on books is not a qualified education expense. c. the taxable portion of the scholarship must be reported on aiden's mother’s return. d. none of aiden's scholarship is taxable.