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Following is the balance sheet of Munoz Company for Year 3. MUNOZ COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable. Inventory Property and
Following is the balance sheet of Munoz Company for Year 3. MUNOZ COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable. Inventory Property and equipment Accumulated depreciation. Total assets Liabilities and Stockholders' Equity Accounts payable $14,650 7,940 13,340) 11,000 168,000 (12,100) $202,830 $8,030 Current notes payable Mortgage payable Bonds payable Retained earnings Common stock Total liabilities and stockholders' equity 3,280 4,650 21,840 114,400 50,630 $202,830 The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $14,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
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