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2. Use the following information from XYz Company's balance sheet to answer the next six questions: Assets Cas s Marketable Securitis 1 Accounts Receivable.. 6,000

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2. Use the following information from XYz Company's balance sheet to answer the next six questions: Assets Cas s Marketable Securitis 1 Accounts Receivable.. 6,000 3,200 5,200 14,400 68,000 5,000) Total Assets$91.800 Inventory.so. Property and Equipment.. Accumulated Depreciation Liabilities and Stockholders' Equity s 3,400 1,400 Accounts Payabl. Notes Payable (current) Mortgage Payable (long-term) Bonds Payable (long-term Common Stock, $50 Par.. Paid-in Capital in Excess of Par.. 11,600 Retained Eamings. 1,800 28,600 24,000 21,000 Total Liab. and Stockholders' Equity..$91.300 The average number of common stock shares outstanding during the year was 840 shares. Net earnings for the year were $6,300. 2.1 The current ratio is: 6000+ 3200 +520014400 2.2 The quick (acid-test) ratio is: 6000t 3200+52004 2.3 The earnings per share is 2.4 The return on assets is: 2.5 The return on equity is 2.6 The debt to equity ratio is

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