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Following is the balance sheet of Duluth Company for 2018. DULUTH COMPANY Balance sheet Assets Cash $ 36,000 Marketable securities 24,000 Accounts receivable 50,000 Inventory
Following is the balance sheet of Duluth Company for 2018.
DULUTH COMPANY Balance sheet | |||
Assets | |||
Cash | $ | 36,000 | |
Marketable securities | 24,000 | ||
Accounts receivable | 50,000 | ||
Inventory | 44,000 | ||
Property and equipment | 320,000 | ||
Accumulated depreciation | (74,000 | ) | |
Total assets | $ | 400,000 | |
Liabilities and Stockholders Equity | |||
Accounts payable | $ | 23,000 | |
Current notes payable | 7,000 | ||
Mortgage payable | 8,000 | ||
Bonds payable | 43,000 | ||
Common stock | 200,000 | ||
Retained earnings | 119,000 | ||
Total liabilities and stockholders equity | $ | 400,000 | |
The average number of common stock shares outstanding during 2018 was 880 shares. Net income for the year was $40,000.
Calculate: Current Ratio, Earnings Per Share, Quick Ratio, Return on Investment, Return on Equity, Debt to Equity Ratio
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