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Following is the balance sheet of Finch Company for Year 3: Assets Cash Marketable securities Accounts receivable. Inventory Property and equipment FINCH COMPANY Accumulated
Following is the balance sheet of Finch Company for Year 3: Assets Cash Marketable securities Accounts receivable. Inventory Property and equipment FINCH COMPANY Accumulated depreciation Total assets Balance sheet Liabilities and Stockholders' Equity Accounts payable Current notes payable. Mortgage payable Bonds payable Common stock Retained earnings $ 15,200 8,140 12,740 10,650 166,000 (12,800) $199,930. $ 8,720 3,520 4,400 21,420 114,200 47,670 $199,930 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $14,000. 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 c. Quick (acid-test) ratio d. Return on investment e. Return on equity f. Debt to equity ratio per share % %
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