Question
Following are the balance sheet of Faustin Companys for 2014. FAUSTIN COMPANY'S Balance sheet Assets Cash $ 15,250 Marketable securities 7,780 Accounts receivable 13,100 Inventory
Following are the balance sheet of Faustin Companys for 2014. FAUSTIN COMPANY'S Balance sheet Assets Cash $ 15,250 Marketable securities 7,780 Accounts receivable 13,100 Inventory 10,600 Property and equipment 170,000 Accumulated depreciation (12,900 ) Total assets $ 203,830 Liabilities and Stockholders Equity Accounts payable $ 8,570 Current notes payable 3,760 Mortgage payable 4,550 Bonds payable 21,720 Common stock 113,500 Retained earnings 51,730 Total liabilities and stockholders equity $ 203,830 The average number of common stock shares outstanding during 2014 was 860 shares. Net income for the year was $14,800. 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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