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Following is the balance sheet of Perez Company for Year 3. PEREZ COMPANY Balance sheet Assets Cash $14,800 Marketable securities 7,580 Accounts receivable 13,400 Inventory
Following is the balance sheet of Perez Company for Year 3.
PEREZ COMPANY | |
Balance sheet | |
Assets | |
---|---|
Cash | $14,800 |
Marketable securities | 7,580 |
Accounts receivable | 13,400 |
Inventory | 11,300 |
Property and equipment | 173,000 |
Accumulated depreciation | (12,900) |
Total assets | $207,180 |
Liabilities and Stockholders Equity | |
Accounts payable | $8,390 |
Current notes payable | 3,240 |
Mortgage payable | 4,950 |
Bonds payable | 21,480 |
Common stock | 113,200 |
Retained earnings | 55,920 |
Total liabilities and stockholders equity | $207,180 |
The average number of common stock shares outstanding during Year 3 was 870 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.)
Following is the balance sheet of Perez Company for Year 3. The average number of common stock shares outstanding during Year 3 was 870 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. )Step by Step Solution
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