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a. Current ratio b. Earnings per share per share c. Quick (acid-test) ratio d. Return on investment % e. Return on equity % f. Debt
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Following is the balance sheet of Jordan Company for Year 3:
JORDAN COMPANY Balance sheet | |||
Assets | |||
Cash | $ | 15,300 | |
Marketable securities | 8,380 | ||
Accounts receivable | 12,740 | ||
Inventory | 10,850 | ||
Property and equipment | 168,500 | ||
Accumulated depreciation | (12,800 | ) | |
Total assets | $ | 202,970 | |
Liabilities and Stockholders Equity | |||
Accounts payable | $ | 8,120 | |
Current notes payable | 3,400 | ||
Mortgage payable | 4,700 | ||
Bonds payable | 21,600 | ||
Common stock | 114,500 | ||
Retained earnings | 50,650 | ||
Total liabilities and stockholders equity | $ | 202,970 | |
The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,200. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
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