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Following is the balance sheet of Gibson Company for Year 3: GIBSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and
Following is the balance sheet of Gibson Company for Year 3: GIBSON 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 $ 15,200 7,540 13,220 11,200 172,000. (12,000) $207,160 $ 8,720 3,520 Mortgage payable 4,550 Bonds payable 21,900 Common stock 113,700 Retained earnings 54,770 Total liabilities and stockholders' equity $207,160 The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,900. 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 i d. Return on investment e. Return on equity f. Debt to equity ratio $ 3.85 18.06 per share % %
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