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Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated
Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets 15,450 8,340 13,340 10,800 169,000 12,200) $204,730 Liabilities and Stockholders' Equity Accounts payable Current notes payable Mor Bonds payable Common stock Retained earnings $ 8,210 3,600 4,450 21,180 113,800 53,490 $204,730 tgage payable Total liabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 890 shares. Net income for the year was $14,900 Required Compute each of the following: (Round your answers to 2 decimal places.) a. Current ratio b. Earnings per share c. Quick (acid-test) ratio d.Return on investment e. Return on equity f. Debt to equity ratico 4.06 $ 16.74 per share 3.14
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