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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 equipment
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 Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,500 7,860 13,280 11,350 167,000 (12,900) $202,090 $ 8,300 3,240 4,850 21,300 113,800 50, 600 $202,090 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,000. 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 f. Debt to equity ratio % %
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