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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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