Question
ADAMS COMPANY Balance sheet Assets Cash $ 15,250 Marketable securities 8,300 Accounts receivable 12,920 Inventory 10,750 Property and equipment 171,000 Accumulated depreciation (12,400 ) Total
ADAMS COMPANY Balance sheet Assets Cash $ 15,250 Marketable securities 8,300 Accounts receivable 12,920 Inventory 10,750 Property and equipment 171,000 Accumulated depreciation (12,400 ) Total assets $ 205,820 Liabilities and Stockholders Equity Accounts payable $ 8,180 Current notes payable 3,080 Mortgage payable 4,450 Bonds payable 21,780 Common stock 114,200 Retained earnings 54,130 Total liabilities and stockholders equity $ 205,820 The average number of common stock shares outstanding during Year 3 was 860 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.)
a.) | Current Assets | ||
/ Current Liabilities | |||
Current Ratio | |||
b.) | Net Income | ||
/ Common Stock Outstanding | |||
Earnings per share | |||
c.) | Liquid Assets | ||
/ Current Liabilities | |||
d.) | Net Income | ||
/ Total Assets | |||
Return on Investment | |||
e.) | Net Income | ||
/ Stockholder's Equity | 0 | ||
Return on Equity |
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