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Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets s 14,500 8,060 13,040 10,850 171,000 (13,000) $204,450 Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings $ 8,900 3,400 4,050 21,300 113,100 53,700 $204,450 Total liabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 860 shares. Net income for the year was $15,800 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 ratio 3.78 per share 3.12 10.82 % 9.471 % 22.57 %
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