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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.)
Current Ratio
Earnings per share
Quick (acid-test) ratio
Return on Investment
Return on equity
Debt to equity ratio
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