Acct301

DeVry Student Portal * Week 7: Quiz X Question 5 - Week 7: Quiz - Con X + X - C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhepr.. Q Week 7: Quiz Saved Help Save & Exit Submit 5 Following Is the balance sheet of Baird Company for 2018: BAIRD COMPANY Balance sheet Assets Cash $ 15,180 5 Marketable securities 7,820 points Accounts receivable 13, 480 Inventory 10, 580 Property and equipment 167,600 Accumulated depreciation (12,280) Total assets 5201, 620 Liabilities and Stockholders' Equity Accounts payable $ 8, 830 Current notes payable 3,609 Mortgage payable 4,850 Bonds payable 21, 180 Common stock 114,606 Retained earnings 49,360 Total liabilities and stockholders' equity $201,620 The average number of common stock shares outstanding during 2018 was 880 shares. Net Income for the year was $14,600. Required Compute each of the following: (Round your answers to 2 decimal places.) Current ratio b Earnings per share c. Quick (acid-test) ratio d. Return on Investment Return on equity Debt to equity ratio