Question
Following is the balance sheet of Franklin Company for Year 3: FRANKLIN COMPANY Balance sheet Assets Cash $ 15,250 Marketable securities 7,900 Accounts receivable 12,740
Following is the balance sheet of Franklin Company for Year 3: FRANKLIN COMPANY Balance sheet Assets Cash $ 15,250 Marketable securities 7,900 Accounts receivable 12,740 Inventory 10,800 Property and equipment 174,000 Accumulated depreciation (12,800 ) Total assets $ 207,890 Liabilities and Stockholders Equity Accounts payable $ 8,090 Current notes payable 3,280 Mortgage payable 4,550 Bonds payable 21,060 Common stock 115,000 Retained earnings 55,910 Total liabilities and stockholders equity $ 207,890 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $15,800. Required Compute each of the following: (Round your answers to 2 decimal places.)
TO BE ANSWERED:
a. Current Ratio
b.Earnings per share
c. Quick ratio
d. Return on investment
E Return on equity
f. Debt to equity ratio
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