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Assets Cash :5 15,456 Marketable securities 8,426 Accounts receivable 13,346 Inventory 11,456 Property and equipment 176,666 Accumulated depreciation (12,866) Total assets $265,866 Liabilities and Stockholders'
Assets Cash :5 15,456 Marketable securities 8,426 Accounts receivable 13,346 Inventory 11,456 Property and equipment 176,666 Accumulated depreciation (12,866) Total assets $265,866 Liabilities and Stockholders' Equity Accounts payable :5 8,396 Current notes payable 3,726 Mortgage payable 4,766 Bonds payable 21,246 Common stock 113,466 Retained earnings 54,416 Total liabilities and stockholders' equity $265,866 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,000. Requhed Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.} 9 Answer is complete but not entirelyr correct. a. Current ratio 3.94 a b. Earnings per share $ 17.58 6 232m (3. Quick [acidtest) ratio 30.41 6 d. Return on investment 7.57 6 'l'o e. Return on equity 9.36 6 'l'o 1. Debt to equity ratio 0.23 9
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