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Hokie Had Net Income of $26 Million for 1996 and Paid

Question 93

Essay

  Hokie had net income of $26 million for 1996 and paid total cash dividends of $20 million to their common stockholders. -Calculate the following financial ratios for the Hokie Corporation using the information given in Table 4 and 1996 information.  Hokie had net income of $26 million for 1996 and paid total cash dividends of $20 million to their common stockholders.
-Calculate the following financial ratios for the Hokie Corporation using the information given in Table 4 and 1996 information.   Hokie had net income of $26 million for 1996 and paid total cash dividends of $20 million to their common stockholders. -Calculate the following financial ratios for the Hokie Corporation using the information given in Table 4 and 1996 information.

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Current ratio = ($46/$28)= 1.64
Acid tes...

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