Question
Following is the balance sheet of Campbell Company for 2018: CAMPBELL COMPANY Balance sheet Assets Cash $ 15,350 Marketable securities 8,500 Accounts receivable 12,560 Inventory
Following is the balance sheet of Campbell Company for 2018: CAMPBELL COMPANY Balance sheet Assets Cash $ 15,350 Marketable securities 8,500 Accounts receivable 12,560 Inventory 11,250 Property and equipment 171,500 Accumulated depreciation (12,600 ) Total assets $ 206,560 Liabilities and Stockholders Equity Accounts payable $ 8,660 Current notes payable 3,600 Mortgage payable 4,600 Bonds payable 21,300 Common stock 113,500 Retained earnings 54,900 Total liabilities and stockholders equity $ 206,560 The average number of common stock shares outstanding during 2018 was 900 shares. Net income for the year was $14,500. Required Compute each of the following: (Round your answers to 2 decimal places.)
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