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Compute the specified ratios using Bryce Company's balance sheet at December 31, 2008. Assets Cash $18,000 Marketable Securities 8,000 Accounts Receivable 13,000 Inventory 11,000 Property
Compute the specified ratios using Bryce Company's balance sheet at December 31, 2008. |
Assets | |
Cash | $18,000 |
Marketable Securities | 8,000 |
Accounts Receivable | 13,000 |
Inventory | 11,000 |
Property and Equipment | 170,000 |
Accumulated Depreciation | (12,500) |
Total Assets | $207,500 |
Equities | |
Accounts Payable | $8,500 |
Current Notes Payable | 3,500 |
Mortgage Payable | 7,500 |
Bonds Payable | 21,500 |
Common Stock, $50 Par | 110,000 |
Paid-In Capital in Excess of Par Value | 4,000 |
Retained Earnings | 52,500 |
Total Liabilities and Stockholders Equity | $207,500 |
The average number of common stock shares outstanding during 2008 was 880 shares. Net income for the year was $15,000. |
Required |
Compute each of the following: |
a. | Current ratio. |
b. | Earnings per share. |
c. | Quick (acid-test) ratio. |
d. | Return on investment. |
e. | Return on equity. |
f. | Debt to equity ratio. |
(Round your answers to 2 decimal places. Omit the "$" and "%" sign in your response.) |
a. | Current Ratio: = :1 |
b. | Earnings Per Share: = $ per share |
c. | Quick (Acid-test) Ratio: = :1 |
d. | Return on Investment: = % |
e. | Return on Equity: = % |
f. | Debt to Equity Ratio: = :1 |
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