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FINCH COMPANY Balance sheet Assets Cash $15,350 Marketable securities Accounts receivable Inventory 7,700 13,220 11,300 Property and equipment 166,500 Accumulated depreciation (12,900) Total assets
FINCH COMPANY Balance sheet Assets Cash $15,350 Marketable securities Accounts receivable Inventory 7,700 13,220 11,300 Property and equipment 166,500 Accumulated depreciation (12,900) Total assets $201,170 Liabilities and Stockholders' Equity Accounts payable $8,360 Current notes payable 3,320 Mortgage payable Bonds payable Common stock Retained earnings 4,950 21,180 115,000 48,360 $201,170 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 $14,500. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) per share 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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