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Ci Balance sheet Assets Cash 15,000 7,980 Marketable securities Accounts receivable 12,980 Inventory Property and equipment Accumulated depreciation 10,850 171,000 (12,400) $205,410 Total assets Liabilities
Ci Balance sheet Assets Cash 15,000 7,980 Marketable securities Accounts receivable 12,980 Inventory Property and equipment Accumulated depreciation 10,850 171,000 (12,400) $205,410 Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable 8,840 3,320 4,600 21,960 Mortgage payable Bonds payable Common stock 114,600 Retained earnings 52,090 $205,410 Total liabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 880 shares. Net income for the year was $15,900. Required Compute each of the following: (Round your answers to 2 decimal places.) a. Current ratio 2.79 b. Earnings per share 18.07 per share c. Quick (acid-test) ratio d. Return on investment % e. Return on equity f. Debt to equity ratio %
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