Question
Following is the balance sheet of Fanning Company for Year 3: Assets Cash$15,500Marketable securities7,860Accounts receivable13,340Inventory10,550Property and equipment171,500Accumulated depreciation(12,600)Total assets$206,150 Liabilities and Stockholders' Equity Accounts payable$8,840Current
Following is the balance sheet of Fanning Company for Year 3:
AssetsCash$15,500Marketable securities7,860Accounts receivable13,340Inventory10,550Property and equipment171,500Accumulated depreciation(12,600)Total assets$206,150Liabilities and Stockholders' EquityAccounts payable$8,840Current notes payable3,040Mortgage payable4,750Bonds payable21,360Common stock114,200Retained earnings53,960Total liabilities and stockholders' equity$206,150
Compute each of the following:(Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
Current Ratio=
earnings per share=
quick rqatio=
return on investment=
return on equity=
debt to equity ratio=
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Payroll Accounting 2020
Authors: Bernard J. Bieg, Judith A. Toland
30th edition
357117174, 978-0357117170
