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Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash $ 14,500 Marketable securities 7,620 Accounts receivable 13,160 Inventory
Following is the balance sheet of Finch Company for 2018:
FINCH COMPANY Balance sheet | |||
Assets | |||
Cash | $ | 14,500 | |
Marketable securities | 7,620 | ||
Accounts receivable | 13,160 | ||
Inventory | 10,500 | ||
Property and equipment | 167,500 | ||
Accumulated depreciation | (12,700 | ) | |
Total assets | $ | 200,580 | |
Liabilities and Stockholders Equity | |||
Accounts payable | $ | 8,450 | |
Current notes payable | 3,600 | ||
Mortgage payable | 4,000 | ||
Bonds payable | 22,020 | ||
Common stock | 114,600 | ||
Retained earnings | 47,910 | ||
Total liabilities and stockholders equity | $ | 200,580 | |
The average number of common stock shares outstanding during 2018 was 890 shares. Net income for the year was $14,700.
Required
Compute each of the following: (Round your answers to 2 decimal places.)
a. Current Ratio
b. Earnings Per Share (per share)
c. Quick (acid-test) ratio
d. Return on Investment
e. Return on equity
f. Debt to equity ratio
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