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Following is the balance sheet of Franklin Company for Year 3: FRANKLIN COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and
Following is the balance sheet of Franklin Company for Year 3: FRANKLIN COMPANY Balance sheet Assets Cash 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 $15,500 7,660 13,040 11,100 173,000 (12,800) $207,500 $ 8,300 3,400 4,600 21,540 Common stock Retained earnings Total liabilities and stockholders' equity 113,100 56,560 $207,500 The average number of common stock shares outstanding during Year 3 was 870 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.) Current ratio b. Eamings per share Quick (acid-test) ratio d. Return on Investment e. Return on equity f Debt to equity ratio per share % %
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