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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 equipment
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 Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,350 8, 220 13,280 11,450 170,000 (12,700) $ 205,600 $ 8,330 3,680 4,850 21,840 114,900 52,000 $ 205,600 The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,300. 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 per share d. Return on investment % % e. Return on equity f. Debt to equity ratio
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