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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 Bonds payable Mortgage payable Common stock Retained earnings $ 14,850 7,620 12,860 11,450 174,500 (12,600) $ 208,680 $ 8,780 3,720 4,300 21,000 114,900 55,980 Total liabilities and stockholders' equity $ 208,680 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $15,100. Required Compute each of the following: Note: Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45. 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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