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Assets Cash FRANKLIN COMPANY Balance sheet $ 15,100 7,780 Marketable securities Accounts receivable. Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders'
Assets Cash FRANKLIN COMPANY Balance sheet $ 15,100 7,780 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 12,920 10,950 167,500 (12,800) $201,450 $ 8,840 3,080 4,950 21,180 113,200 50,200 $201,450 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,600. 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. Retum on equity per share % % Debt to equity ratio
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