Question
Following is the balance sheet of Campbell Company for Year 3, CAMPBELL COMPANY Balance sheet Assets Cash $14,600 Marketable securities Accounts receivable Inventory 7,820
Following is the balance sheet of Campbell Company for Year 3, CAMPBELL COMPANY Balance sheet Assets Cash $14,600 Marketable securities Accounts receivable Inventory 7,820 13,160 11,200 Property and equipment 173,500 Accumulated depreciation (12,100) Total assets $208,180 Liabilities and Stockholders' Equity Accounts payable $8,420 Current notes payable 3,960 Mortgage payable 4,550 Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 21,120 114,600 55,530 $208,100 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $14,400 Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) Answer is complete but not entirely correct
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