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Following is the balance sheet of Rundle Company for Year 3: RUNDLE COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and
Following is the balance sheet of Rundle Company for Year 3: RUNDLE 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 $ 15,200 7,620 12,980 10,750 169,000 (12,600) $202,950 $ 8,300 3,760 4,500 Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 21,120 113,000 52,270 $202,950 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,800. 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 per share % d. Return on investment e. Return on equity % f. Debt to equity ratio
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