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Following is the balance sheet of Franklin Company for Year 3: Assets Cash FRANKLIN COMPANY Balance sheet Marketable securities Accounts receivable Inventory Property and
Following is the balance sheet of Franklin Company for Year 3: Assets Cash FRANKLIN 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 $ 14,850 8,340 12,920 11,250 171,500 (12,800) $206,060 $ 8,360 3,600 4,550 21,960 114,300 53,290 $206,060 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $14,700. 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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