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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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