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Assets BENSON COMPANY Balance sheet Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable
Assets BENSON COMPANY Balance sheet 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 $ 15,450 7,540 13,460 10,600 166,500 (12,400) $201,150 $ 8,840 3,240 4,300 21,180 114,500 49,090 $201,150 The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $16,000. 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 ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity per share % % f. Debt to equity ratio
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