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Following is the balance sheet of Perez Company for Year 3: PEREZ COMPANY Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Balance
Following is the balance sheet of Perez Company for Year 3: PEREZ COMPANY Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Balance sheet Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,850 8,420 12,980 11,150 169,500 (12,600) $204,300 $ 8,240 3,480 4,950 21,360 113,200 53,070 $204,300 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,700. 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 % Debt to equity ratio
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