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Following is the balance sheet of Perez Company for year 3: Assets Cash PEREZ COMPANY Balance sheet Marketable securities Accounts receivable Inventory Property and equipment
Following is the balance sheet of Perez Company for year 3:
Assets Cash PEREZ COMPANY Balance sheet 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 $ 14,950 7,820 12,980 10,850 $ 166,000 (12,700) $199,900 8,840 3,800 4,150 21,540 114,100 47,470 $199,900 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $15,500. 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 e. Return on equity f. Debt to equity ratio per share % %
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Current ratio current assetscurrent liabilities 149507820129801085088403800 4660012640 ...Get Instant Access to Expert-Tailored Solutions
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