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Following are the balance sheet of Faustin Companys for 2014. FAUSTIN COMPANY'S Balance sheet Assets Cash $ 15,050 Marketable securities 8,420 Accounts receivable 12,920 Inventory
Following are the balance sheet of Faustin Companys for 2014. |
FAUSTIN COMPANY'S Balance sheet | |||
Assets | |||
Cash | $ | 15,050 | |
Marketable securities | 8,420 | ||
Accounts receivable | 12,920 | ||
Inventory | 11,100 | ||
Property and equipment | 168,000 | ||
Accumulated depreciation | (12,900 | ) | |
Total assets | $ | 202,590 | |
Liabilities and Stockholders Equity | |||
Accounts payable | $ | 8,240 | |
Current notes payable | 3,040 | ||
Mortgage payable | 4,300 | ||
Bonds payable | 21,600 | ||
Common stock | 113,400 | ||
Retained earnings | 52,010 | ||
Total liabilities and stockholders equity | $ | 202,590 | |
The average number of common stock shares outstanding during 2014 was 870 shares. Net income for the year was $14,500. |
Required |
Compute each of the following. (Round your answers to 2 decimal places.) |
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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