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6 Following is the balance sheet of Rooney Company for 2018: $ 14,800 7,660 13,160 11, 350 172,000 (12,500) ROONEY COMPANY Balance sheet Assets Cash
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Following is the balance sheet of Rooney Company for 2018: $ 14,800 7,660 13,160 11, 350 172,000 (12,500) ROONEY 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 $206,470 $ 8,570 3,720 4,550 21,720 113,700 54,210 $206,470 Total liabilities and stockholders' equity $206,470 The average number of common stock shares outstanding during 2018 was 870 shares. Net income for the year was $14,500. Required Compute each of the following: (Round your answers to 2 decimal places.) 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 Step by Step Solution
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