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Following are the balance sheet of Faustin Companys for 2014. FAUSTIN COMPANY'S Balance sheet Assets Cash $ 15,000 Marketable securities 8,380 Accounts receivable 13,460 Inventory
Following are the balance sheet of Faustin Companys for 2014. |
FAUSTIN COMPANY'S Balance sheet | |||
Assets | |||
Cash | $ | 15,000 | |
Marketable securities | 8,380 | ||
Accounts receivable | 13,460 | ||
Inventory | 11,250 | ||
Property and equipment | 170,000 | ||
Accumulated depreciation | (12,600 | ) | |
Total assets | $ | 205,490 | |
Liabilities and Stockholders Equity | |||
Accounts payable | $ | 8,630 | |
Current notes payable | 3,320 | ||
Mortgage payable | 4,900 | ||
Bonds payable | 21,780 | ||
Common stock | 113,000 | ||
Retained earnings | 53,860 | ||
Total liabilities and stockholders equity | $ | 205,490 | |
The average number of common stock shares outstanding during 2014 was 870 shares. Net income for the year was $14,900.
Find: 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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