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Following is the balance sheet of Perez Company for 2018: PEREZ COMPANY Balance sheet Assets Cash $ 14,650 Marketable securities 8,260 Accounts receivable 12,800 Inventory
Following is the balance sheet of Perez Company for 2018:
| PEREZ COMPANY Balance sheet | |||
| Assets | |||
| Cash | $ | 14,650 | |
| Marketable securities | 8,260 | ||
| Accounts receivable | 12,800 | ||
| Inventory | 11,200 | ||
| Property and equipment | 171,500 | ||
| Accumulated depreciation | (12,700 | ) | |
| Total assets | $ | 205,710 | |
| Liabilities and Stockholders Equity | |||
| Accounts payable | $ | 8,030 | |
| Current notes payable | 3,480 | ||
| Mortgage payable | 4,550 | ||
| Bonds payable | 21,600 | ||
| Common stock | 114,500 | ||
| Retained earnings | 53,550 | ||
| Total liabilities and stockholders equity | $ | 205,710 | |
The average number of common stock shares outstanding during 2018 was 860 shares. Net income for the year was $15,100.
Required
Compute each of the following: (Round your answers to 2 decimal places.)
| 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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