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Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated
Following is the balance sheet of Solomon Company for 2018: SOLOMON 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 $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares. Net income for the year was $15,300. Required Compute each of the following: (Round your answers to 2 decimal places.) 3.98 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 | $ 17.39 per share 3.06 % 22.97%
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