Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following is the balance sheet of Benson Compnay for 2018: Net income is 14,400$ Following is the balance sheet of Benson Company for 2018: BENSON

Following is the balance sheet of Benson Compnay for 2018: image text in transcribed
Net income is 14,400$
Following is the balance sheet of Benson Company for 2018: BENSON COMPANY Balance sheet Assets Cash Marketable securities @ 15,050 7,820 13,340 11,350 167,000 (12,700) Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets $201,860 Liabilities and Stockholders' Equity Accounts pable Current notes payable Mortgage pyable Bonds payable Common stock $ 8,540 3,080 4,900 21,720 114,600 49,020 $201,860 Retained earnings Total liabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 890 shares. Net income for the year was $14 Required Compute each of the following: (Round your answers to 2 decimal places.) a. Current ratio b. Eamings per share c Quick (acid-test) ratio per share d. Return on investment e. Return on equity % f. Debt to equity ratio % Prev 3 of 3 Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions