accounting help really big problem help 459034

1. The following is located under the Stockholder’s Equity section of a balance sheet:

Preferred 3% stock, $100 par $102,000

Common stock, $50 par $549,900

A. How many shares of common stock does this corporation have?

B. How many shares of Preferred stock does this corporation have?

C. What is the total dividend that will be paid for Preferred stock?

D. If the Preferred stock listing stated $3 instead of 3% would that change the total dividend amount? Why?

2.

Balance Sheet:

Cash

2010: $27,000

2009: $33,000

Short-term investments

2010: 22,000

2009: 28,000

Net receivables

2010: 54,000

2009: 72,000

Inventory

2010: 65,000

2009:42,000

Prepaid expenses

2010: 7,000

2009: 9,000

Total current assets

2010: 175,000

2009: 184,000

Total current liabilities

2010: 87,500

2009: 92,000

Income Statement:

Net credit sales

$554,800

Cost of goods sold

331,700

1. What is the current ratio for 2010?

2. What is the quick ratio for 2010?

3. What is the inventory turnover for 2010?

4. What is the accounts receivable turnover for 2010?

Please show all your work, not just the answer.