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Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Stuart Company for Year 3: Assets Cash Marketable
Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Stuart Company for Year 3: Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets STUART COMPANY Balance sheet Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,250 7,660 13,220 11,150 170,500 (12,300) $205,480 $ 8,150 3,440 4,900 21,060 114,900 53,030 $205,480 The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15,800. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
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