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Summarized financial data for two competitors is set out below: |
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(All balances are as of 12/31/08 or for the year ended 12/31/08) |
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Oscar Corp |
Felix Corp |
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Sales revenue |
800,000 |
600,000 |
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Total expenses |
400,000 |
200,000 |
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Cash |
90,000 |
25,000 |
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Accounts receivable |
120,000 |
75,000 |
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Property plant and equipment, net |
250,000 |
225,000 |
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Accounts payable |
95,000 |
60,000 |
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Salaries payable |
75,000 |
35,000 |
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Long term liabilities |
150,000 |
75,000 |
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Common shares outstanding, beginning of year |
50,000 |
25,000 |
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Common shares outstanding, end of year |
100,000 |
40,000 |
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Find current ratio