Question
Following is the balance sheet of Jordan Company for Year 3. JORDAN COMPANY Balance sheet Assets Cash $14,800 Marketable securities 8,420 Accounts receivable 12,740 Inventory
Following is the balance sheet of Jordan Company for Year 3.
JORDAN COMPANY | |
---|---|
Balance sheet | |
Assets | |
Cash | $14,800 |
Marketable securities | 8,420 |
Accounts receivable | 12,740 |
Inventory | 11,500 |
Property and equipment | 169,500 |
Accumulated depreciation | (12,300) |
Total assets | $204,660 |
Liabilities and Stockholders Equity | |
Accounts payable | $8,360 |
Current notes payable | 3,960 |
Mortgage payable | 4,400 |
Bonds payable | 21,900 |
Common stock | 113,200 |
Retained earnings | 52,840 |
Total liabilities and stockholders equity | $204,660 |
The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,900. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
8. Following is the balance sheet of Jordan Company for Year 3.
JORDAN COMPANY | |
---|---|
Balance sheet | |
Assets | |
Cash | $14,800 |
Marketable securities | 8,420 |
Accounts receivable | 12,740 |
Inventory | 11,500 |
Property and equipment | 169,500 |
Accumulated depreciation | (12,300) |
Total assets | $204,660 |
Liabilities and Stockholders Equity | |
Accounts payable | $8,360 |
Current notes payable | 3,960 |
Mortgage payable | 4,400 |
Bonds payable | 21,900 |
Common stock | 113,200 |
Retained earnings | 52,840 |
Total liabilities and stockholders equity | $204,660 |
The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,900. 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 ration
b. earnings per share
c. quick (acid test) ratio
d. return on investment
e. return on equity
f. debt to equity ratio
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