Following is the balance sheet of Hilda Company for 2011. HILDA COMPANY Balance sheet Assets Cash...
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Following is the balance sheet of Hilda Company for 2011. HILDA 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 $ 8,500 3,500 4,500 21,500 114,000 52,500 Total liabilities and stockholders' equity $204,500 The average number of common stock shares outstanding during 2011 was 880 shares. Net income for the year was $15,000. b. Required: Compute each of the following (Round your answers to 2 decimal places. Omit the "$& %" signs in your response): C d. e. f Current ratio Eamings per share Quick (acid-test) ratio Return on investment Answer is complete but not entirely correct. Return on equity Debt to equity ratio $ 15,000 8,000 13,000 3.92 17.05 11,000 170,000 (12,500) $204,500 3.00 7.33 9.01 % 0.23% per share 1 Following is the balance sheet of Hilda Company for 2011. HILDA 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 $ 8,500 3,500 4,500 21,500 114,000 52,500 Total liabilities and stockholders' equity $204,500 The average number of common stock shares outstanding during 2011 was 880 shares. Net income for the year was $15,000. b. Required: Compute each of the following (Round your answers to 2 decimal places. Omit the "$& %" signs in your response): C d. e. f Current ratio Eamings per share Quick (acid-test) ratio Return on investment Answer is complete but not entirely correct. Return on equity Debt to equity ratio $ 15,000 8,000 13,000 3.92 17.05 11,000 170,000 (12,500) $204,500 3.00 7.33 9.01 % 0.23% per share 1
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a Current Ratio Current Assets Cash Marketable Securities Accounts Receivable Inventory 15000 8000 1... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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