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1. 2. The balance sheet for Perez Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and
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The balance sheet for Perez Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 236,000 765,000 $1,001,000 $ 145,000 451,000 596,000 405,000 $1,001,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % Following is the balance sheet of Perez Company for Year 3: PEREZ COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,200 7,740 12,620 10,650 174,000 (12,700) $207,510 $ 8,060 3,800 4,750 21,300 114,400 55,200 $207,510 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $15,000. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) per share a. Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity 1. Debt to equity ratio % % 2.
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