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Following is the balance sheet of Perez Company for Year 3: PEREZ COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment

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Following is the balance sheet of Perez Company for Year 3: PEREZ COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment 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 7,620 12,500 11,150 166,500 (12,900) $199, 720 $ 8, 750 3,520 4,050 21, 180 114,400 47,820 $199, 720 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $14,300. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 8,750 3,520 4,050 21, 180 114,400 47,820 $199,720 The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $14,300. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) per share a Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment e. Return on equity t. Debt to equity ratio % %

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