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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 Current notes payable Mortgage payable $ 14,700 8,500 12,980 10,750 173,000 (13,000) $206,930 $ 8,120 3,560 Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 4,300 21,060 113,100 56,790 $206,930 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $14,600. 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 ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment per share % e. Return on equity % f. Debt to equity ratio
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