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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.)image text in transcribed

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. )

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