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Following is the balance sheet of Adams Company for Year 3: ADAMS COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and
Following is the balance sheet of Adams Company for Year 3: ADAMS COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,700 7,860 12,560 10,650 173,500 (12,300) $206,970 $ 8,840 3,440 4,500 21,180 113,000 56,010 $206,970 The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $14,500. Required Compute each of the following: (Round your answers to 2 decimal places.) 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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