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are these correct? if not please explain correct answer. FAUSTIN COMPANY'S Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation
are these correct? if not please explain correct answer. FAUSTIN COMPANY'S Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation $ 14,950 8,140 13,400 11,200 175,000 (12,900) Total assets $209,790 Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings $ 8,900 3,400 4,100 21,540 114,100 57,750 Total liabilities and stockholders' equity $209,790 The average number of common stock shares outstanding during 2014 was 890 shares. Net income for the year was $15,200. Required Compute each of the following: (Round your answers to 2 decimal pl 2.91 $ 17.08 per share 2.23 a. Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity f. Debt to equity ratio 7.25 % 8.84 % 22.08 %
are these correct? if not please explain correct answer.
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