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Following is the balance sheet of Finch Company for Year 3: Assets Cash FINCH COMPANY Balance sheet Marketable securities Accounts receivable Inventory Property and
Following is the balance sheet of Finch Company for Year 3: Assets Cash FINCH COMPANY Balance sheet 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 $ 14,550 8,020 13,340 10,550 170,000 (12,000) $204,460 $ 8,180 3,600 4,650 21,300 114,600 52,130 $204,460 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $14,300. 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 per share: % e. Return on equity % f. Debt to equity ratio
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