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Following is the balance sheet of Jordan Company for 2018: JORDAN COMPANY Balance sheet Assets Cash $ 14,900 Marketable securities 7,780 Accounts receivable 12,680 Inventory
Following is the balance sheet of Jordan Company for 2018:
JORDAN COMPANY Balance sheet | |||
Assets | |||
Cash | $ | 14,900 | |
Marketable securities | 7,780 | ||
Accounts receivable | 12,680 | ||
Inventory | 11,100 | ||
Property and equipment | 170,000 | ||
Accumulated depreciation | (12,300 | ) | |
Total assets | $ | 204,160 | |
Liabilities and Stockholders Equity | |||
Accounts payable | $ | 8,480 | |
Current notes payable | 3,800 | ||
Mortgage payable | 4,500 | ||
Bonds payable | 21,240 | ||
Common stock | 113,900 | ||
Retained earnings | 52,240 | ||
Total liabilities and stockholders equity | $ | 204,160 | |
The average number of common stock shares outstanding during 2018 was 900 shares. Net income for the year was $15,600.
Required
Compute each of the following: (Round your answers to 2 decimal places.)
a.Current ratio
b.Earnings per share per share
c.Quick (acid-test) ratio
d.Return on investment%
e.Return on equity%
f.Debt to equity ratio%
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