Question
Following is the balance sheet of Walton Company for Year 3: WALTON COMPANY Balance sheet Assets Cash$14,550Marketable securities8,420Accounts receivable12,860Inventory11,450Property and equipment167,000Accumulated depreciation(12,400)Total assets$201,880 Liabilities and
Following is the balance sheet of Walton Company for Year 3:
WALTON COMPANY
Balance sheetAssetsCash$14,550Marketable securities8,420Accounts receivable12,860Inventory11,450Property and equipment167,000Accumulated depreciation(12,400)Total assets$201,880Liabilities and Stockholders' EquityAccounts payable$8,690Current notes payable3,480Mortgage payable4,050Bonds payable21,360Common stock113,700Retained earnings50,600Total liabilities and stockholders' equity$201,880
The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $14,600.
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 of Investment %
E: Return of Equity %
F: Debt to Equity Ratio
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