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Following is the balance sheet of Benson Company for Year 3: BENSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and
Following is the balance sheet of Benson Company for Year 3: BENSON 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 $ 14,900 7,540 13,100 11,000 171,500 (12,800) $205,240 $ 8,930 3,680 4,650 21,180 114,500 52,300 $205,240 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,200. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) a Current ratio b Earnings per share c. Quick (acid-test) ratio d. Return on investment e Return on equity Debt to equity ratio per share % %
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