Question
Following is the balance sheet of Stuart Company for Year 3: STUART COMPANY Balance sheet Assets Cash$15,150Marketable securities8,380Accounts receivable13,280Inventory11,050Property and equipment175,000Accumulated depreciation(12,300)Total assets$210,560 Liabilities and
Following is the balance sheet of Stuart Company for Year 3:
STUART COMPANY
Balance sheetAssetsCash$15,150Marketable securities8,380Accounts receivable13,280Inventory11,050Property and equipment175,000Accumulated depreciation(12,300)Total assets$210,560Liabilities and Stockholders' EquityAccounts payable$8,990Current notes payable3,000Mortgage payable4,400Bonds payable21,300Common stock114,300Retained earnings58,570Total liabilities and stockholders' equity$210,560
The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,400.
Required
Compute each of the following:(Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)
- Current ratio=
- Earnings per share=
- Quick (acid-test) ratio: =
- Return on investment: =
- Return on equity: =
- *Stockholders' equity: =
- Debt to equity ratio: =
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