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Following is the balance sheet of Finch Company for Year 3: FINCH COMPANY Balance sheet Assets Cash $ 14,600 8,020 13,340 10,700 172,500 (12,700) $206,460
Following is the balance sheet of Finch Company for Year 3: FINCH COMPANY Balance sheet Assets Cash $ 14,600 8,020 13,340 10,700 172,500 (12,700) $206,460 Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable 8,420 3,360 4,650 21,960 114,800 Common stock Retained earnings 53,270 Total liabilities and stockholders' equity $206,460 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $15,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) 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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