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Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Duluth Company for 2018. DULUTH COMPANY Balance sheet Assets Cash
Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Duluth Company for 2018. DULUTH COMPANY Balance sheet Assets 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 $ 36,000 24,000 50,000 44,000 320,000 (74,000) $400,000 $ 23,000 7,000 8,000 43,000 200,000 119,000 $400,000 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
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