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Following is the balance sheet of Finch Company for Year 3: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment
Following is the balance sheet of Finch Company for Year 3: FINCH COMPANY Balance sheet Assets Cash 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 Common stock Retained earnings Total liabilities and stockholders' equity $ 14,700 7,540 13,100 10,900 174,500 (12,700) $208,040 $ 8,420 3,120 4,400 21,660 114,000 56,440 $208,040 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $14,800. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) per share a. Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity Debt to equity ratio % %
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